Tag Archives: SPX500

Nasdaq Futures, Nasdaq100

Nasdaq Futures Analysis of 22 Years from 2000-2022

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Nasdaq100 futures are currently at 11,522. The Nasdaq futures chart of last 22 years with CCI Momentum Indicator shows we’re in something similar to 2001-2002 period, with double dip below the oversold line in red color. Such a pattern took some time for proper recovery in 2001-2002, and it was also accompanied with war situation that we have today with Russia war on Ukraine (then it was 9/11 tragedy in the US followed by war in Afghanistan).

CCI Indicator is very useful in such analysis. One this is sure from our historical data analysis over the last 50 years: Momentum recovery will be visible before price recovery!
#Nasdaq100 #NQ #NDX #SPX500 #markets

Support & Resistance Levels

  • Major Nasdaq100 Resistance Level is currently at 13K, which is near the 200 day moving average. Near term resistance is also at 12K, so its also a near term target.
  • Major Nasdaq100 Support Level is currently at 10K, which is the long term trend line support. Nasdaq futures are looking safe above 10K; and a breakdown can happen below 10K level, with immediate downside target as 8K level.

Please Note: Its the Futures Traders who have to worry about sharp corrections (against their positions) and stop losses, etc. Equity Investors can keep accumulating Nasdaq100 ETF (QQQ) during all this period, with regular buying every month especially during red days and red weeks, for good gains in 2-3 years. Such periods of corrections are ideal for equity investing, and Nasdaq100 ETF (QQQ) is the top pick. Thanks.

Nasdaq100, S&P500

S&P500 Futures Analysis- 13Sep2020

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This past week saw significant selling pressure in all equity markets, including S&P500 (SPX) and Nasdaq100 (NDX). As we go into the weekend, the S&P500 futures have taken support at their 50 day moving average, which is at 3320.

 

This 50 day moving average should provide initial support in this rapid sell-off, like it has done in the past. If the futures start moving up above 3350, then 3400-3420 are targets, and that’s also the area of resistance, from where the futures failed to cross 4 times last week. Fresh long trades will be available above 3430 for targets of 3480, 3500, 3520. Absolute stop loss on all long positions should be 3300.

Please note that the selling pressure is coming from Nasdaq100 (NDX) index, which is had a nearly vertical run up (parabolic upmove) in August 2020, and that is unwinding now. We have to keep looking at Nasdaq100 to see when and where it stabilizes. For example, the stock of Apple (AAPL), which is a leading weight on all indices, had a parabolic upmove and has been facing strong selling pressure. Thanks.