Pretty much what we were expecting.. … lose last week’s lows and we see the 20d. Well, we almost got there. Let’s see if that is what we need to do this week in order to see the price find some buyers. Under the 20d the support level I’ll look for is the 15k level where you have the quarterly and 50d.
Under last week’s lows and I think we see the 20d pretty quickly. But on that same token, above last week’s highs and we could just as easily see 16k in a blink. Those are both the areas I would look for support and resistance as well.
Exact same thoughts from $ES can be applied to the $NQ. Support is below at the 20d/quarterly pivot at 15125ish, followed by the annual pivot at 14993 and below that you have the 50d. Above there is the monthly pivot at 15534.75 and then the quarterly pivot at 15704.25.
JUST like the it’s S&P counterpart, we got that retrace right to the 50d which held and bounced. And just like the S&P, the idea is the same. Retraces back to those levels will be the used as the key support areas. Below that I would look for July’s lows to be support. To the upside we have ATHs as the first area of resistance and after that we have the monthly...
Levels to get above hold, Breakdown and hold
Nasdaq broken the rising wedge. Took support near polarity level and bounced. Trading below lower trendline support of multi year rising channel. Just added to keep a watch. Not tradeable.
Nasdaq 100 E Mini Futures Resistance is at 13600. Further rise is above 13600. If sustains above 13600 then expect a rise towards 15346 in due course of time. Indicator like RSI showing negative divergence therefore breakout and close above 13600 is essential for further near term rise, based on hourly chart.
Both the indices are at resistance. Red, yellow and green are M, W & daily supply/demand zones....A MAjor move is due in USA markets. Simple Support and Resistance levels are the way I trade the price action...No indicators.
Ha habido una clara recuperación. De romper ese techo,tiene camino libre para sus Máximos... Lo raro que aún seguimos en cuarentena. Ya veremos que sucede. There has been a clear recovery. If he break that TOP, he have a free way for his Maxima ... The strange thing that we are still in quarantine. We will see what happens