Nasdaq100 (NQ) Weekly MACD Trying to Negatively Cross

As seen on Bloomberg, Refinitiv (Thomson Reuters), Factset, Interactive Brokers, Amazon,Liquid (Quoine) ,EXMO and Zerohedge, Tradable Patterns (https://tradablepatterns.com) provides daily technical analysis on a subset of three CME/ICE futures (commodities, equity indices), spot FX markets, which it considers worth monitoring for the day/week for trend reversal or continuation, along with a separate weekly technical analysis newsletter on Bitcoin (BTCUSD), Ethereum (ETHUSD) and Ripple (XRPUSD or XRPJPY). For less experienced traders, tutorials and workshops are offered online and throughout Southeast Asia.

The Nasdaq100 (NQ) slid more than 1.5% yesterday, and is trying to bounce just above a precarious triangle support (on the 4hr chart) and uptrend support (on the daily and weekly chart). Significantly, NQ is testing the 23.6% Fib retrace of the Jan-Apr rally, and appears winded on the dead cat bounce and poised in the next day or so to resume the slide since early May...Click hereto read the full analysis of this market as well as on S&P500, Cocoa

Nasdaq100 (NQ) Weekly/Daily/4hr

NQ (Nasdaq100) Technical Analysis

Today's Top 3 Trades, Crypto Weekly Outlook and all other Tradable Patterns content do not constitute an advisory and do not make recommendations, but can supplement your own analysis. Please do your own due diligence ahead of any trades.