$NQ is at its main support level, and also weekly standard deviation support, also a 200MA on the 2h timeframe
When we zoom out #NQ to 4h, then the main support will be at 22975. (second chart)
The pivot level is at 23225. A must hold for the bulls if tested! If the price breaks that level, then watch for a 250-point slide into the next support box
Im aiming at the Breakout zone box sometime in Aug with a potential breakout into early Sep and a retest of the break from above in the end of Sep to early Oct timeframe.
Im aiming at the Breakout zone box sometime in Aug with a potential breakout into early Sep and a retest of the break from above in the end of Sep to early Oct timeframe.
#Nasdaq Bank index is at its extreme zone, a place where the price reversed down and significant corrections occurred in the past. See the $SPX chart below to compare.
I have also attached the #FEDâs rate map at the bottom of the chart. When the rates go down, itâs NOT bullish for the markets but the opposite!
This is a monthly chart, I expect a reversal to happen from Dec or early 2026
- No Rate Decision was made for September meeting - Despite uncertainty, the economy remains in a solid position. - The economy is in a solid position. - I expect PCE up 2.5% and core up 2.7% in the 12 months through June. - Labour market conditions are broadly in balance, and unemployment remains low. - A wide set of indicators suggests that the job market is near maximum employment. - Moderation in growth reflects a slowdown in consumer spending. - Indicators suggest economic growth has moderated. - Tariffs have exerted pressure on some goods, but the wider impact is uncertain. - There is downside risk to the labour market.
- Despite uncertainty, the economy remains in a solid position. - The economy is in a solid position. - I expect PCE up 2.5% and core up 2.7% in the 12 months through June. - Labour market conditions are broadly in balance, and unemployment remains low. - A wide set of indicators suggests that the job market is near maximum employment. - Moderation in growth reflects a slowdown in consumer spending. - Indicators suggest economic growth has moderated. - Tariffs have exerted pressure on some goods, but the wider impact is uncertain. - There is downside risk to the labour market.