Stocks are still somewhat unsettled, and performance has been mixed so far this week.
But technology is actually getting some renewed buying interest…
In turn, the big tech market as tracked by the Nasdaq 100 Index futures (NQ) is now breaking into the buy zone.
So, let’s check in on our current analysis on this important contract.
Nasdaq 100 (NQ) in the Buy Zone
Here’s how the Nasdaq 100 futures contract (NQ) chart is showing the potential path forward into the buy zone…
The NQ daily time frame broke the down trend line and entered into the buy zone.
The market has an up Fibonacci with an extension price point 14,697.50, about +4,511 ticks above the market.
It will be a good idea to turn to the one hour time frame and look for low prices in the buy zone.
The Bottom Line
There are multiple ways to trade the futures, stock and other markets. We can trade the indexes, both up and down, as well as individual stocks…
But my colleague and energy market pro Anthony has come up with some incredible strategies that continue to impress, specifically in the crude oil market..
To learn more, check out the important P.S. below…
For more on the markets as well as trading education and trading ideas like this one, look for the next edition of Josh’s Daily Direction in your email inbox each and every trading day.
I’ll be bringing you more of my stock and futures contract trading tutorials as well as some additional trading ideas.
And if you know someone who’d love to make this a part of their daily trading routine, send them over to joshsdailydirection.com to get signed up!
Keep on trading,
P.S. My colleague and expert energy trader Anthony Speciale continues to work on many of his strategies and his overall research honed in on the petroleum market…
In particular, he has some great pipelines for profits in the crude market that most folks are missing… but you don’t have to.
The post Big Tech Breaking into the Buy Zone? appeared first on Josh Daily Direction.
