^NDX - NASDAQ 100
| Previous close | 9,188.58 |
| Open | 9,186.14 |
| Volume | 564,113,836 |
| Day's range | 9,145.23 - 9,221.13 |
| 52-week range | 6,613.42 - 9,242.48 |
| Avg. volume | 2,211,875,161 |
- FX Empire
E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Trader Reaction to 9184.50 and 9138.50 Sets the Tone
Based on the early price action and the current price at 9189.75, the direction of the March E-mini NASDAQ-100 Index the rest of the session on Thursday is likely to be determined by trader reaction to a pair of 50% levels at 9184.50 and 9138.50.
- FX Empire
Q4 Earnings Setup The Rally To The Peak
Our research team believes the current Q4-2019 earnings season and expectations are prompting a “Rally To A Peak”. We’ve been warning our followers and clients that we believe the US Stock Market has rallied to levels that constitute a “near peak enthusiasm” related to historical price volatility.
- FX Empire
E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Trader Reaction to 9174.50 Sets Tone
Given the prolonged move up in terms of price and time, the direction of the March E-mini NASDAQ-100 Index on Monday is likely to be determined by trader reaction to Friday’s close at 9174.50.
- FX Empire
Fed Beige Book: US Economy Expands Modestly but Trade Concerns Linger
There was nothing in the Beige Book to suggest a change in Fed policy. Even with the signing of the trade deal between the United States and China on Wednesday, Fed policymakers are likely to maintain their wait and see approach.
- FX Empire
E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Reversal Top Could Trigger 2-3 Day Correction
Once again, the index straddled a steep uptrending Gann angle at 9085.25. This angle, moving up at a rate of 32 points per day from the 8189.25 bottom, has been guiding the market higher since December 3.
- FX Empire
E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Strengthens Over 9053.25, Weakens Under 8966.25
Based on the early price action and the current price at 9017.00, the direction of the March E-mini NASDAQ-100 Index futures contract on Monday is likely to be determined by trader reaction to Friday’s low at 8966.25 and the uptrending Gann angle at 9053.25.
- FX Empire
E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Could Be Set Up for Short-Term Correction
A close under 9009.00 will form a potentially bearish closing price reversal top. Not only is the index closing lower, but it’s also in a position to close below the opening and the mid-point of the session.
- FX Empire
The Old Rally In The New Year
It is often the case that markets start a new year with new trends. Fears of a full-fledged military confrontation between the US and Iran made the markets worry last week, but soon the situation returned to the previous course.
- FX Empire
E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Key Gann Angle into Close is 8957.25
The only level traders should be concerned about into the close is 8957.25. This is an uptrending Gann angle moving at a rate of 32 points per day from the 8189.25 main bottom.
- FX Empire
US Stocks Turn Higher; Trump Speech to Set Tone in Financial Markets
Traders are anticipating volatility when President Trump addresses the nation at about 14:00 GMT. Trump’s message could set the tone in the financial markets the rest of the session.
- FX Empire
E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Needs to Hold 8799.25 to Sustain Upside Bias
Based on the early price action, the direction of the March E-mini NASDAQ-100 index on Tuesday is likely to be determined by trader reaction to the pivot at 8799.25.
- FX Empire
NASDAQ Set To Fall 1000pts In Early 2020, And What It Means For Gold
One of our most interesting predictive modeling system is the Adaptive Dynamic Learning (ADL) price modeling system. It is capable of learning from past price data, building price DNA chains and attempting to predict future price activity with a fairly high degree of accuracy. The one thing we’ve learned about the ADL system is that when price mirrors the ADL predictive modeling over a period of time, then there is often a high probability that price will continue to mirror the ADL price predictions.
- FX Empire
US Manufacturing Activity Hits 10-Year Low; EIA Reports Another Big Crude Oil Draw
Traders are hoping the first phase of an agreement between the U.S. and China will lead to a further easing of tensions between the two economic powerhouses and that with the signing of the deal on January 15, signs of a rebound will start to emerge.
- FX Empire
Friday’s Risk-Off Session: One and Done, or Start of Near-Term Trend?
CNBC analysts, citing historical analysis, concluded oil prices tend to see gains following Middle East crisis events, while stocks eventually churn higher as safe haven assets gold and Treasurys fade from their initial pops.
- FX Empire
E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Could Strengthen Over 8799.25, Weaken Under 8773.75
Based on the early price action and the current price at 8777.00, the direction of the March E-mini NASDAQ-100 Index the rest of the session on Friday is likely to be determined by trader reaction to the minor retracement zone at 8799.25 to 8773.75.
- FX Empire
Iranian Retaliation Threat Likely to Encourage Investors to Trim Stock Market Exposure
If investors start to price in the possibility of retaliation from Iran then the upside momentum will slow. Investors could also trim exposure in the markets but by what percentage. Remember, there were NO 10% corrections in the market last year.
- FX Empire
E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Strengthens Over 8785.50, Weakens Under 8767.25
Look for a downside bias to develop on a sustained move under 8767.50, and for an upside bias to develop on a sustained move over 8785.50.
- FX Empire
E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Direction Determined by Reaction to 8715.50
Based on the early price action and the current price at 8723.00, the direction of the March E-mini NASDAQ-100 Index the rest of the session is likely to be determined by trader reaction to the steep downtrending Gann angle at 8715.50.
- FX Empire
E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Momentum Turns Lower on Closing Price Reversal Top Confirmation
Breaking the uptrending Gann angle was significant because it had been guiding the index higher since December 3. The close under this angle could lead to further selling pressure on Tuesday. If this move creates enough downside momentum then look for the selling to possibly extend into the minor 50% level at 8581.50.
- FX Empire
E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – No Resistance, but Close Under 8804.25 Will Signal Return of Sellers
Based on the early price action and the current price at 8826.50, the direction of the March E-mini NASDAQ-100 Index futures contract the rest of the session on Friday is likely to be determined by trader reaction to yesterday’s close at 8804.25.
- FX Empire
Never Underestimate The Purchasing Power Of The Us Consumer.
US markets surged to record highs as the latest Mastercard Spending Survey reminded investors never underestimate the purchasing power of the US consumer.
- FX Empire
E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Will Traders Continue to Buy Strength, or Start Looking for Value?
Another trend indicator to watch is the steep uptrending Gann angle moving up 32 points per day since the December 3 main bottom at 8189.25. This angle is currently at 8669.25. It has been guiding the market higher for 15 sessions.
- FX Empire
E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Hovering Near Record High into Close
The key level to watch into the close on Monday is 8710.75. Trader reaction to this level will tell us if the bulls or the bears are in control.
- FX Empire
E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Low Volume May Lead to Failed Upside Breakout Over 8724.75
Taking out 8724.75 then closing lower for the session will form a closing price reversal top. If confirmed, this won’t change the trend, but it could lead to a 2 to 3 day correction.
- FX Empire
E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Gann Angle at 8573.75 Controlling Near-Term Direction
If the selling is strong enough to take out 8573.25 then look for the start of a steep sell-off. The daily chart indicates the first important downside target is the short-term 50% level at 8480.25.
