Tag: Nasdaq

  • Nasdaq 100 Futures: Technical Breakdown and Economic Outlook

    Nasdaq 100 Futures: Technical Breakdown and Economic Outlook

    Current Price Action
    As of July 29, 2025, the Nasdaq 100 E-mini Futures (NQ) show mild bearish pressure on intraday charts:

    • 1-Hour Chart: Closed at 23,470 (-0.14%), testing support near 23,460–23,470. The RSI at 34.34 signals oversold conditions.
    • 15-Minute Chart: Traded flat (-0.02%) with RSI at 32.21, reinforcing short-term exhaustion in selling momentum.

    The charts reveal a consolidation phase after a rally to all-time highs earlier in July. Key technical observations:

    (more…)