EUR/USD 1.16141
-0.097%
Gold 4434.77
-0.854%
Oil 89.430
-0.234%
USD/JPY 156.234
0.280%
GBP/USD 1.35183
-0.046%
GBP/JPY 211.206
0.242%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On September 7th, Iranian Parliament Speaker Mohammad Ghalibaf announced on Sunday that Iran would adopt a more aggressive military posture in its war with the United States. Ghalibaf stated in a post, "If they havent understood by now, then they should understand before its too late that the rules of the game have changed. From now on, any act that infringes upon Irans interests and security will be met with a faster, fiercer, and more painful response." He had previously warned that Irans retaliatory actions would no longer be "reciprocal." Ghalibaf also acknowledged that Iran is facing severe economic pressure under the comprehensive sanctions and "strangulation" and isolation efforts led by the United States. He said, "Sharp exchange rate fluctuations, inflation, unemployment, and market management are fundamental challenges that have placed enormous pressure on peoples livelihoods." He further stated that Iran must commit to strengthening domestic production and utilizing technology to "develop short-term and permanent solutions."September 7th - Clashes between Yemeni government forces and Houthi rebels in Taiz and Hodeidah provinces entered their fourth day on the 6th. According to medical sources from both sides, the fighting has resulted in at least 117 deaths. A senior medical official operating with government forces on the west coast stated on the 6th that since the conflict began on the 3rd, 54 government soldiers have been killed and many others wounded. The fighting continues to escalate with no signs of abating. Meanwhile, medical personnel at a Houthi-controlled hospital in western Hodeidah province reported that 63 Houthi fighters have been killed in the clashes.September 7th - The 26th China International Fair for Investment and Trade (CIFIT) will be held in Xiamen, Fujian Province, from September 8th to 11th. This years CIFIT has attracted over 1,200 government agencies and business delegations from 129 countries and regions and 30 international organizations.Jared Kushner, Trumps son-in-law: We are working with Hamas to move towards disarmament and have reached an agreement with Israel on the ultimate goal of the Gaza Strip plan.The UK Maritime Trade Operations Office reports that 59 vessels have passed through the Strait of Hormuz in the past 48 hours.

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

Cameron Murphy

Apr 24, 2022 10:08


微信截图_20220424095226.png


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.

Suggestion