Nasdaq technical analysis in 60 seconds.


Watch the following 60-second video to see a quick technical analysis snapshot of Nasdaq futures, based on simple daily candles, volume and one of the most watched technical indicators. In summary, Nasdaq looks bullish as buying volume dominates the double bottom pattern and the daily candles are above the 20 EMA (exponential moving average).

Swing traders or long-term buyers should be cautious and likely abort the bullish premise, if 2 consecutive daily candles close below the daily 20 EMA.

I don’t usually post price charts from such low timeframes as the 5 minute one below, but future intraday traders who may be looking for additional guidance can look at the regression channel below, which is also a possible bull flag (and can consider entering Long at the possible breakout of the bull flag, at apk. X marked below), and also look at the purple line above itwho is closed yesterday.



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