Nasdaq futures technical analysis and price forecast: Key levels to watch (13500 target)
An In-depth look into Nasdaq futures for traders and investors
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An In-depth look into Nasdaq futures for traders and investors
Can Bitcoin overtake a key $50,000 level this month?
Tuesday’s Session was Cycle Day 3 (CD3): Price consolidated throughout the session before pushing higher to All-Time Contract High. Price settled above its Value Area High (4132.25). Range was 38.50 handles on 1.04M contracts exchanged. … This leads us into Cycle Day 1 (CD1): Normal for CD1 is an expectation of a decline measuring an average of 4088. Volatility Index (VIX) has registered a reading with a 16 handle, as bulls are solidly in control, so any decline may be relatively shallow. As such, estimated scenarios to consider for today’s trading: 1.) Price sustains a bid above 41...
Tuesday’s Session was Cycle Day 1 (CD1): Normal CD1 unfolded as price continued its decline reaching Statistical CD1 Violation Extreme during GLOBEX Session. Price again pushed aggressively lower during the Opening Range, finding a secure low at 3804.75. The remainder of the session, price swung between Value Area High and Low of 40 handles. Late day rally drove shorts to cover closing the opening gap. Range was 91.25 handles on heavy 2.225M contracts exchanged. … This leads us into Cycle Day 2 (CD2): Cycle Rally Objective (3868) has been fulfilled during the prior session. Expectatio...