Nasdaq Futures Show Mild Recovery Amid Key Resistance Levels
Nasdaq technical analysis today at investingLive.com
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Nasdaq futures (NQ JUN26) have shown a recovery from earlier declines, but bulls need to establish acceptance above the critical zone of 30500-30536 for a stronger bullish signal. The current prediction score is +2/10, indicating a neutral to mildly bullish outlook as the market tests key resistance while avoiding aggressive short positions.
- 01NQ futures have repaired from the May 28 damage but have not yet confirmed a bullish takeover.
- 02The critical resistance zone is between 30500 and 30536, where sustained acceptance is needed for bullish momentum.
- 03The market is currently in a repair phase, reducing bearish risks but lacking high-confidence long setups.
- 04Recent trading activity indicates improved delta and higher volume nodes, suggesting acceptance of higher value.
- 05A bearish scenario may emerge if NQ falls below the 30334-30320 range, indicating a potential return to lower price levels.
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Nasdaq futures (NQ JUN26) are currently in a phase of recovery following a significant decline on May 28. The market has shown notable improvement, reclaiming levels above 30000 and moving towards the 30500-30536 resistance zone. However, bulls have yet to establish sustained acceptance above this key area, which is crucial for confirming a stronger bullish trend. The current prediction score stands at +2 out of 10, reflecting a neutral to mildly bullish sentiment. While recent trading has shown positive delta and higher volume nodes, indicating a potential acceptance of higher values, traders are advised to be cautious due to lighter participation in the market. If NQ fails to hold above 30440-30465, the bullish outlook may weaken, with significant bearish risks emerging below 30334-30320. Overall, the market remains in a repair phase rather than a decisive bullish takeover, necessitating careful monitoring of these key resistance levels.
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The current trading conditions may affect investor sentiment and trading strategies in the Nasdaq futures market.
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