Technical Analysis: Key Level for the Nasdaq


All eyes on 13750 for NQ_F. This level has acted as Support/Resistance for many months. A close above this level after Powell's FOMC speech opens the door to upside continuation, flipping this level back to support instead of resistance. This level also coincides with the 20 Daily Moving Average that NQ_F has been struggling with over the past few months. There's still a lot of risk and uncertainty in the markets, but from a technical perspective this level is key and worth keeping on your charts as a natural pivot point.


Happy Trading,


Horse