Tag Archives: NQ

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.

Nasdaq Futures Analysis-17Oct2022

Nasdaq Futures (NQ) are at 10,821. The momentum has been recovering in the last few days, despite sharp price cuts, so there is a clear divergence in price vs momentum. The momentum indicator (CCI) is showing that NQ prices can move up again to retest 11,200 in the coming week.

Nasdaq Futures Trading Strategy for the week (Oct 17-21, 2022)
Stay long above 10,500 for target 11,200.

A high conviction long trade can start only after the 10 day moving avg line turns upwards. It is currently in strong downtrend. It turned up in early September, but Nasdaq futures got smashed the same week with fresh breakdown.