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Russia launched a wave of missile attacks on Ukrainian cities hours before Ukrainian President Volodymyr Zelenskyy was due to hold peace talks with US President Donald Trump.On August 18, Air Canada issued a statement on its website saying it has suspended its plan to gradually resume operations and canceled all flights because the Canadian Union of Public Service Employees (CUPE) illegally instructed flight attendants not to return to work. All Air Canada and Air Canada Rouge flights have been canceled until further notice, and passengers are urged not to go to the airport unless they have confirmed tickets on another airline.French President Emmanuel Macron stated on August 18th, following a meeting of the "Coalition of the Willing," that Russia, through its peace proposals, is demanding Ukraines surrender. "I dont believe Putin wants peace," Macron told reporters. "I believe he wants Ukraine to surrender." Macron will meet with US President Donald Trump and other European leaders, including Volodymyr Zelensky, on August 18th.On August 18, Syrian leader Shahrah said his country hopes to avoid military conflict with US-backed Kurdish forces if efforts to integrate Syrias northeastern autonomous administration into state structures fail. He said Kurdish leaders had expressed their readiness to reach a landmark agreement in March that would bring Kurdish-controlled areas under state jurisdiction. But he warned that ground operations suggest otherwise. Shahrah said Turkey and Washington, the main powers supporting the integration of Syrias oil-rich northeastern region into Syria, hope to resolve the issue peacefully.On August 18, officials in Russias Kursk Oblast said on the 17th that two sections of the regions highway were attacked by Ukrainian drones between the evening of the 16th and the 17th, resulting in one death and two injuries. The Ukrainian Ministry of Defenses Main Intelligence Directorate confirmed the attack on the Kursk Oblast highway that day and said that a Russian general was among the injured.

E-mini NASD-100: Sellers Targeting March Bottom at 12942.50

Cameron Murphy

Apr 24, 2022 10:08


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The June E-mini NASDAQ-100 Index futures are down significantly just before the close on Friday, putting the tech-heavy index on track for its third week of losses. On heightened clarity regarding aggressive near-term interest rate rises and general worries ahead of Big Tech reports next week, sellers pounded technology equities.


June E-mini NASDAQ-100 Index futures were trading at 13442.00 at 17:55 GMT, down 286.25 or -2.09 percent. The Invesco QQQ Trust ETF (QQQ) is now trading at 325.41, down 8.74 percent.

Tech Stocks Have a Difficult Future Prior to the Release of Major Earnings Reports

The NASDAQ Composite has had a bumpy start to the year due to the possibility of a more hawkish Fed. The tendency is particularly obvious in tech and growth stocks, which are more exposed to increasing bond rates in terms of valuation. In the year 2022, the NASDAQ is down 17.9%.


The four largest U.S. corporations by market value, Apple, Microsoft, Amazon, and Google parent Alphabet, will report earnings next week.

Technical Analysis of the Daily Swing Chart

According to the daily swing chart, the major trend is down. The primary trend will be changed to down if a deal is made through 14298.00. The downtrend would be reaffirmed if the price breaks through the intraday low of 13435.75.


12942.50 to 15268.75 is the short-term range. The index is now trading at resistance from 13831.25 to 14105.75, which is the lower end of its retracement zone.

Technical Forecast for the Daily Swing Chart

Trader response to 13728.25 will influence the direction of the June E-mini NASDAQ-100 Index entering Friday's closing.

Scenario that is bearish

The presence of sellers will be shown by a persistent move below 13728.25. If the intraday low of 13435.75 is broken, it means the selling pressure is increasing. Look for a downward acceleration if this builds enough downside momentum, with 12942.50 being the next big negative target.

Possibilities for Growth

The return of buyers will be signaled by the crossing of 13728.25. This might provide enough rising momentum to test the 13831.25 to 14105.75 short-term retracement zone. This is the last possible barrier level before the big peak at 14298.00.

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