Hello Folks, here’s our #Nasdaq100 futures trading strategy in one simple chart.
Nasdaq futures have been the strongest part of the market with the best rally.
In last one week, they have moved up from a low of 9750 to a high 10,400!
Uptrend is intact above 10,300, which doesn’t leave much room for any correction.
Nasdaq futures are making new highs in each rally, which means they are a strong buy on corrections towards 10,000 level. Strong support is available at 9800-9900 level.
Nasdaq Futures (NQM20) are currently at 9377, and their near term target is 9490-9500, which is matching the the upper end of the bollinger band.
Traders can keep 9490 as the target on their long trades of Nasdaq futures. There will be significant resistance around 9500 level, and traders should take profit at 9500 level and wait for a few hours for market direction to become clear. There is strong support for Nasdaq futures at 9350-9380 level in the short term.
Futures Trading Service for S&P500, Nasdaq, Nifty, Commodities, Cryptos
