Nasdaq

Nasdaq technical analysis, 12 July

• Nasdaq futures technical analysis for 12 July, examining previous market prices and future key price levels to watch.

US stocks close lower on the day.

• Nasdaq streak comes to end

The comeback in stock markets continues and the dollar gives a bit back

• Lower yields = higher stocks

Nasdaq briefly lurches into positive territory as the low-rate trade comes to life

• Low rates and falling energy are a green light for tech

The Nasdaq is warming up to the idea of lower yields and lower oil prices

• Reflexivity at work

Reminder - It's a US holiday on Monday, 4 July 2022 - here are futures trading hours

Can we get a real washout already?

• If we're going to get a tech bust, let's have a tech bust

Nasdaq continues to bleed lower

• Tech stocks lead the rout lower

Nasdaq extends decline to 1.4%

• Early positive start erased

Nasdaq extends gains to 2%, reaching session high

• The dip buyers are nibbling away

Nasdaq Technical Analysis (Updated on 05 July)

• Nasdaq futures rose apx. half a percent and is now stalling close to the VAH and PoC of the range. Watch the daily technical analysis video for a trade ideas.

Nasdaq decline nears 5% on the day

• Fresh lows for US stocks

Nasdaq continues to tumble and moves away from its 200 week moving average

• A close below the 200 week moving average would be the 1st since the start of the pandemic

Nasdaq threatens the 200-week moving average for the first time since March 2020

• The 200-week moving average has been a major level in the past

Nasdaq moves back lower into the last hour of trading

• Looking back toward the 200 week MA at 10798.28