NQ Levels - CGG Newsletter (08/13/2023)
Upside:
15172 → 15260 → 15333 → 15444 → 15582
Downside
14995 → 14947 → 14888 → 14810 → 14656
Technical Analysis:
Similar to ES, NQ had a down week and closed right on its bullish trendline support tracing back to the lows made in March of this year. NQ had a much weaker close than ES, finishing down 0.69% in Friday's session. I am looking to see if NQ holds this trendline, where it is currently sitting at a Weekly level at 15098. The bearish price action set up somewhat of a falling wedge into the trendline support. Bullish momentum should see us hold the trendline. If the trendline does not hold, we could see a prime buying opportunity in the tech sector from 14888-14947. I would look to go long here and stay bullish until next thursday when the Jackson Hole Economic symposium starts.
15172 → 15260 → 15333 → 15444 → 15582
Downside
14995 → 14947 → 14888 → 14810 → 14656
Technical Analysis:
Similar to ES, NQ had a down week and closed right on its bullish trendline support tracing back to the lows made in March of this year. NQ had a much weaker close than ES, finishing down 0.69% in Friday's session. I am looking to see if NQ holds this trendline, where it is currently sitting at a Weekly level at 15098. The bearish price action set up somewhat of a falling wedge into the trendline support. Bullish momentum should see us hold the trendline. If the trendline does not hold, we could see a prime buying opportunity in the tech sector from 14888-14947. I would look to go long here and stay bullish until next thursday when the Jackson Hole Economic symposium starts.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.