Tag Archives: NDX

Nasdaq Futures Analysis- 19Apr2024

Nasdaq100 futures have corrected from about 1500 points in the last one week from 18,600 to 17,100 because of the fears of escalating war in the middle east. The Nasdaq futures are in oversold zone now as per the very reliable momentum indicator (CCI indicator). This is an area of rapid price correction, and we have to wait for the momentum indicator (CCI indicator) to start moving up from this oversold zone.

The Nasdaq futures have a strong support at 17,000 level and we can expect a reversal around current levels. Once the reversal starts, Nasdaq futures can recover till at least 17,800 before facing resistance, and 18,000 level will also present strong resistance.

Nasdaq Futures Analysis-22Jan2023

Nasdaq futures (NQ) haven’t looked back after creating the strong double bottom base on 6th Jan 2023 with closing at 11,113. We got six consecutive green days after that, which indicates the strength of the bottom made in early Jan.

The Nasdaq futures made a strong base at 10,800 and our early buy signals on the hourly charts came at 10,800 itself, for targets of 11,500 and 11,600, which were hit last week.

The setup is looking good for testing 12K level, and buying on the recent correction around 11,350 gave good gains. All these updates were also posted on Twitter in real time, to help other Traders.