EUR/USD 1.16283
0.043%
Gold 4375.99
0.475%
Oil 92.214
0.009%
USD/JPY 153.732
-0.161%
GBP/USD 1.35420
0.016%
GBP/JPY 208.187
-0.153%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On September 9th, it was reported that Tian Yonglong, a former researcher at OpenAI, has joined the CEO/Presidents office at Tencent, where he will serve as the "Head of Mixed Multimodal Models," reporting directly to Yao Shunyu, the head of Tencents Big Model.September 9th - As of September 9th, the August sales figures for new cars in China from Japans three major automakers have all been released. Toyota, Nissan, and Honda all recorded double-digit year-on-year declines. Toyotas August sales in China reached 118,400 units, a 22.8% decrease year-on-year, marking the seventh consecutive month of sales falling below the same period last year. Nissans sales were 28,275 units, a 51.9% decrease year-on-year; Hondas sales were 26,749 units, a 49.9% decrease year-on-year, with both companies sales nearly halved. Nissans year-on-year sales decline has lasted for five consecutive months, while Hondas has been below the same period last year for 31 consecutive months. Analysts believe that as price competition among Chinese electric vehicle manufacturers intensifies, electric vehicles with more significant price advantages are attracting more consumer demand, while sales of the mainstay gasoline-powered vehicles for Japanese automakers remain sluggish.Market news: Kioxia denied any intention to cooperate with SK Hynix, while promising to curb rising chip prices.Hang Seng Index futures opened 0.15% higher at 25,268, a discount of 49 points.The SC crude oil futures contract surged 4.00% intraday, currently trading at 731.70 yuan per barrel.

E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Change in Minor Trend Puts 12523.25 on Radar

Skylar Shaw

May 27, 2022 10:37

微信截图_20220527102407.png


Shortly after the cash market closed on Thursday, June E-mini NASDAQ 100 Index futures were trading higher, putting the tech-heavy index on course to end a lengthy run of weekly losses.


The contract for futures is now on a seven-week losing run. The NASDAQ Composite rose roughly 2.7 percent to 11,740.65, boosted by a rise in Dollar Tree stock.


June E-mini NASDAQ-100 Index futures were trading at 12254.75 at 20:23 GMT, up 312.50 or +2.62 percent. The Invesco QQQ Trust ETF (QQQ) finished up $8.02, or 2.75 percent, at $299.28.


Dollar Tree, a bargain retailer, soared 21.9 percent after reporting a profit beat, helping to propel the NASDAQ higher.


In addition, Twitter's stock soared 6.3 percent when it was revealed that the social media business is suing billionaire Elon Musk for failing to disclose his ownership in the company. In other developments, Elon Musk boosted his investment in the company's acquisition attempt to $33.5 billion, signaling a new level of seriousness and greater likelihood that the transaction would be completed, according to experts.

Technical Analysis of the Daily Swing Chart

According to the c, the major trend is down. The momentum, on the other hand, is increasing. The major trend will turn to up if a transaction is made through 12594.00. The return of the decline will be signaled by a move through 11491.25.


The small upward trend is continuing. On Thursday, buyers wiped out the minor top at 12096.75, and the trend shifted to the upside. This turned the market's momentum to the positive. The minor trend will be changed to down if a transaction is made through 11576.25.


12594.00 to 11491.25 is the minor range. At 12042.50, the index is trading on the strong side of its pivot, indicating support.


The long-term 50% level at 11671.25 provides significant support. The long-term Fibonacci level of 10468.25 comes next.


On the upside, a 50 percent level at 12523.25 is the next barrier, followed by a retracement zone from 12894.75 to 13226.00.

Suggestion