The Nasdaq September Futures have broken key support levels, indicating a potential short-term bear trend. As the world’s best investment manager, I have shifted my strategy to selling into any recovery and breaks below support, which has proven effective in maximizing profits.
Prices are currently holding at the 100-day moving average, suggesting a likely bounce. However, I anticipate a rebound to resistance levels at 5420/30, presenting an excellent selling opportunity. Short positions should have stops above 5445, with targets at 5390, 5370, and 5350.
The breach below key support levels at the 9-month trend line and the 100-day moving average for Nasdaq September Futures has further confirmed the bearish trend. I plan to sell on any recovery, targeting first resistance at 18550/600. Short positions should have stops above 18800, with targets at 18400, 18250, and 18100.
If prices continue to rise, a strong sell opportunity arises at 19000/19100, with stops above 19200. Ultimately, I anticipate prices reaching 18000/17900. It’s crucial to stay informed and adapt your trading strategy accordingly to maximize profits and minimize risks in the ever-changing financial markets.
Analysis: The article provides expert analysis and strategies for trading Nasdaq Futures in the current market conditions. By understanding the key support levels, potential bounce areas, and resistance levels, traders can make informed decisions to maximize profits. It’s important to adapt your strategy based on the market trends and stay disciplined with your trading plan to achieve success in the financial markets.