The below chart is a weekly view of the NQ futures, just like on our ES report the NQ is
Nasdaq (NQ) Technical Analysis
The Nasdaq. A powerhouse of innovation, a whirlwind of volatility. Trying to make sense of its daily dance can feel like navigating a complex maze. Fear not, fellow market enthusiasts! This is your daily compass, meticulously charting the Nasdaq’s technical terrain. We delve deep into the charts, illuminating potential pathways with precise technical indicators, key trendlines, and significant volume shifts. Cut through the daily noise and gain a focused perspective on where the Nasdaq might be heading. Whether you’re actively trading the tech titans or simply seeking a clearer understanding of market momentum, our daily technical snapshots provide the actionable insights you need to navigate the Nasdaq with greater clarity and conviction. Let’s decode the market together, one insightful analysis at a time.
Just like the ES, Nasdaq is still in bullish uptrend with no signs of weakness. Given the context, just like
Yesterday the NQ retraced the opening impulsive candle and back tested the previous month value area high and previous week
Just like the ES, NQ opened with a strong impulsive candle to the upside which has currently retraced to the
The NQ is very similar to the ES and has been down trending locally since the daily open. On the
After the strong sell off in April the Nasdaq ended the month with a bullish candle Looking at the below