EUR/USD 1.16783
0.003%
Gold 4616.86
2.163%
Oil 86.290
0.427%
USD/JPY 158.995
-0.035%
GBP/USD 1.36466
0.123%
GBP/JPY 216.979
0.098%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
August 23 - According to Thai media reports, starting at 8 PM local time on August 22, a series of violent incidents including explosions and arson occurred in the three southern Thai provinces of Narathiwat, Yala, and Pattani, resulting in at least two injuries. The Narathiwat military task force announced a curfew for the entire province from 10:15 PM that day to 6 AM on August 23.A Ukrainian drone strike on a warehouse belonging to Russian online retailer Ozon has killed at least 10 people.Israeli Foreign Minister: We prefer to resolve the issue with Türkiye through diplomatic means.August 23 – The trade dispute between the US and Canada has escalated further, with Canadian Prime Minister Mark Carney announcing that Canada will impose retaliatory tariffs on US imports starting September 8. Carney stated on Saturday, “We are reluctantly taking this step because we recognize that it will increase costs for Canadians, reduce purchasing options, hurt innocent American businesses and states, and hinder cooperation between our two countries.” He said the retaliatory tariffs will primarily target steel, dairy products, home appliances, agricultural equipment, pulp, paper products, and electronics, with more details to be released in the coming days. Following the breakdown of trade negotiations on Friday evening, the US imposed 50% tariffs on hundreds of Canadian goods on Saturday, totaling approximately $20 billion, including plywood, alcoholic beverages, electrical equipment, and hockey equipment.On August 23, Russian President Vladimir Putin stated on August 22 that the Ukrainian armed forces had been launching missile and drone attacks against Russia for the past 40 days in an attempt to defeat Russia, but this was "nothing more than a gamble." He claimed that the Ukrainian attacks had not brought about any substantial change in the situation. Putin also stated that in response to the Ukrainian attacks on civilian infrastructure in Russia, the Russian military had intensified its attacks on Ukrainian companies, and that the retaliatory strikes by Russia were "more destructive."

E-mini NASDAQ-100 Index: Steep Sell-off Puts 12179.50 on Radar

Skylar Shaw

May 06, 2022 11:10

微信截图_20220506103355.png


June E-mini NASDAQ-100 Index futures are down dramatically late in the session on Thursday, erasing the preceding session's rise in a shocking reversal that extends the market's losses in 2022. The move followed a significant stock market gain on Wednesday, with the NASDAQ Composite cash index rising 3.19 percent.


June E-mini NASDAQ-100 Index futures were trading at 12738.75 at 19:19 GMT, down 792.50 or -5.86 percent. The Invesco QQQ Trust ETF (QQQ) is down $19.08, or -5.79 percent, to $310.52.


Investor concerns that the Federal Reserve's rate rise would not be enough to keep inflation under control, requiring the Fed to become more aggressive, sparked the sell-off.


Large tech stocks were under pressure, with Meta Platforms, which is owned by Facebook, and Amazon falling 5.8% and 7.1 percent, respectively. Microsoft's stock fell 4.7 percent.

Technical Analysis of the Daily Swing Chart

According to the daily swing chart, the major trend is down. The return of the decline will be signaled by a trade through 12709.75. The primary trend will turn to up if 13555.25 is crossed.

13583.75 to 12709.75 is the minor range. The market is now trading below its pivot around 13146.75, which is the closest barrier.

Short-Term Prospects

Trader response to the pivot at 13146.75 will decide the direction of the June E-mini NASDAQ-100 Index into Thursday's closing.

Bearish Prospects

The presence of sellers will be shown by a persistent move below 13146.75. Look for a test of the major bottom around 12709.75 if this develops enough negative momentum.


Taking out 12709.75 might set off a sell-off, with the primary bottom at 12179.50 on March 5, 2021 being the next significant target.

Positive Outlook

Late in the session, overtaking the pivot at 13146.75 will signify the return of buyers. This might result in a price increase from 13555.25 to 13583.75. If this region is broken, an acceleration to the upside is possible, with 13989.25 being the next major upside objective.

Suggestion