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On April 16, White House advisor and senior Trump aide Stephen Miller stated in an interview with Fox News that the United States could continue its blockade of Iranian ports "indefinitely." Miller stated that Trump is "a peace-loving man," but added that the United States has made its position clear: "The United States will not be bullied, and the United States will never be threatened by a nuclear-armed Iran. Not now, and never." Miller stated, "A military action could completely destroy Irans energy infrastructure for generations. But Trump has made it clear that he doesnt want to do that. He hopes Iran will choose the right path to reach an agreement. This blockade is severely damaging the Iranian regimes economic strength, and the United States has the ability to maintain this blockade indefinitely, provided that Iran chooses the wrong path."Malaysian Prime Minister: Petronas has assured that Australia will be given priority once domestic demand is met.The EU climate commissioner warned that energy prices in Europe have risen “astoundingly” and there are no economic “workarounds,” and that the recent crisis demonstrates the need for green investments to reduce dependence on imported fossil fuels.April 16th - The Nikkei 225 index is poised to close at a new high, erasing losses from the Iran war. Market optimism suggests new peace talks could accelerate the end of the conflict. The Nikkei 225 reached 59,549.59 points in early trading, above its all-time closing high of 58,850.27 points set on February 27th. Export-related stocks, including those in the automotive, electronics, and information technology sectors, performed well, while real estate and food stocks declined. Global markets are expected to recover to pre-Iran war levels. The S&P 500 and Nasdaq 100 both hit record highs. Meanwhile, the US and Iran are considering extending the ceasefire agreement for two weeks to allow more time for negotiations. "New information is coming in, which helps stabilize market sentiment regarding the Middle East situation," said Masaki Ito, senior strategist at Nomura Securities. He expects Japanese stocks to move in tandem with US stocks.The UK and the EU plan to begin negotiations soon to include the UK in the EU’s newly established multi-billion euro technology fund as part of efforts to reshape relations and boost the UK economy.

E-mini NASDAQ-100: Trying to Form Bullish Reversal Bottom

Cameron Murphy

Apr 26, 2022 10:49


微信截图_20220426095439.png


Monday's mid-session E-mini NASDAQ-100 Index futures are down, although seeking to recoup some of their early losses. Fears about China's COVID-19 breakouts frightened investors already anxious about quicker U.S. interest rate rises denting economic growth, so the tech-weighted index prolonged its steep selloff from last week.


June E-mini NASDAQ-100 Index futures are trading at 13384.50, up 31.00 or 0.23 percent, at 17:20 GMT. This is an increase from the previous low of 13184.00. The Invesco QQQ Trust ETF (QQQ) is up $0.75, or 0.23 percent, to $326.15.


Investors were particularly nervous at the outset of a week that would see megacap firms such as Google parent Alphabet Inc, Microsoft Corp, Amazon.com Inc, and Apple Inc report quarterly results.


In mergers and acquisitions news, Twitter Inc jumped 3.9 percent after Reuters reported that it was prepared to accept Tesla Inc CEO Elon Musk's 'best and last' cash offer of $54.20 per share.

Technical Analysis of the Daily Swing Chart

According to the daily swing chart, the major trend is down. The continuation of the decline will be signaled by a trade through the intraday low of 13184.00. The major trend will turn to up if the price breaks over 14298.00.


12942.50 to 15268.75 is the short-term range. The market is now trading on the weak side of its retracement zone, which is resistance from 13831.25 to 14105.75.

Technical Forecast for the Daily Swing Chart

Trader response to 13353.50 will influence the direction of the June E-mini NASDAQ-100 Index entering Monday's closing.

Scenario that is bearish

The presence of sellers will be shown by a persistent rise below 13353.50. It will be a sign of weakness if the intraday low of 13184.00 is broken. Look for the selling to continue towards the March 15 major low around 12942.50 if this move develops adequate negative momentum.

Possibilities for Growth

The presence of buyers will be signaled by a persistent advance over 13353.50. Look for a late-session push towards the short-term retracement zone of 13831.25 – 14105.75 if this move creates enough upward momentum.

Notes on the Side

A daily closing price reversal bottom will be formed if the price closes above 13353.50. If this is verified, a minimum 2- to 3-day corrective rally might begin.

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