Nasdaq Futures Technical Analysis for 05 July
From yesterday, Nasdaq futures (NQ) rose apx. 0.5% percent and is now stalling close to the VAH and PoC of the volume profile of the price range presented. Watch the daily technical analysis video for that range and a couple of trade ideas
Nasdaq Futures Technical Analysis for Today (updated on 4th of July)
We are still bias on Nasdaq futures tending to be bullish but we would change our mind if it crosses down to the area below the support mentioned in the following NQ technical analysis video for today:
Nasdaq Index Technical Analysis for this week (updated on 27 June)
Nasdaq futures buying pressure is strong and more up is expected. Conservative buyers can scale in their buys with the possibility of entering at lower prices, and the risk of not filling the lower priced orders. See the recent video for NQ futures technical analysis below.
Nasdaq Index Technical Analysis for 24 June, 2022 (Updated on 24 June at 00:01)
Nasdaq future reached our target at 11800 and we are soon looking for temporary partial profit takers (sellers) to come in. Watch where to look at next in the today's NQ Technical Analysis Video:
S&P Technical Analysis
We also provide the following video showing S&P 500 Emini Technical Analysis for 24 June, till end of June, 2022. Since major indices are correlated, it may help future and index traders to follow both the E-mini Nasdaq-100 futures (NQ) from CME Group and ES (S&P 500 futures contracts) together. With ES, like with NQ, we are getting towards the top of a potential range close to 3900. Watch what's next below:
S and P Technical Analysis for 24 June and the week ahead or watch the video from ForexLive.com Youtube channel:
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Previous Update: Nasdaq Index Technical Analysis for 23-24 June, 2022
Nasdaq future is still in its trading range and we are looking at 11800 to reached by the end of this week, as the video below from ForexLive.com Youtube Channel shows:
Previous Update: Nasdaq Index Technical Analysis for 20-21 June, 2022
For those who read the ForexLive.com Nasdaq technical analysis on Friday, where it was suggested to keep an eye out for 11000 to 11150 as a potential area for an imminent bullish reversal, may have enjoyed that move when going Long, and the index is now apx 3% higher. For Monday and Tuesday, we are keeping our eyes on a new potential trading range forming, as the following video presents:
The Nasdaq Composite Index includes more than 3,700 Nasdaq equities. The Nasdaq Composite Index is a wide index significantly weighted toward the technology sector.
For the Nasdaq Index ending on 17 June 2, 2022, ForexLive.com presents the following technical analysis chart images and videos, showing NDX’s past move and behavior. In certain cases, we further attempt to predict the upcoming post earnings stock move and trading opportunities by analyzing Nasdaq Index’s price trend on the monthly chart, daily chart pattern, momentum indicators, oscillators, moving averages and support & resistance levels.
Nasdaq Index Technical Analysis on the Monthly Chart
NDX is close to a strong potential reverse zone at roughly 10775 to 11000, as the below technical analysis video of the Nasdaq Index shows:
Nasdaq Index Daily Chart Patterns
NDX is presenting a bullish ‘Falling Wedge’, whereby two descending trend lines denoting highs and lows make a falling wedge chart pattern. This is Bullish reversal chart pattern on the daily timeframe of the Nasdaq Index.
Nasdaq Index Technical Analysis Momentum Indicators
The Momentum Indicator (MOM) is a leading indicator that measures the pace of change of a security. On the hourly time frame, so far on 17 June 2022, as the below chart image shows, the momentum of Nasdaq Index stock is rising in a “V” bullish reversal.
Nasdaq Index Technical Analysis by Oscillators
The most popular oscillator indicator is the RSI (Relative Strength Index), and in technical analysis, this indicator examines the size of recent price fluctuations to determine if a stock or other asset is overbought or oversold.
The RSI is analyzed within the below technical chart image, for the popular 4 hour timeframe. It shows that NDX is at an oversold area. While overbought or oversold states can last for a longer period of time than some technical analysts or traders might expect, this perspective does support the chances of a bullish reversal, starting Friday, 17 June 2022. This may become a pivot low point for the next coming weeks.
