NASDAQ futures: decline may be a reason for shopping

By | May 21, 2015

Futures on the US stock index NASDAQ 100 are adjusted after the massive growth in the previous week on expectations that the Fed will not rush to raise interest rates because some weakening macroeconomic statistics. Published on Wednesday, May 20 minutes of the last meeting of the US Federal Reserve confirmed these expectations. However, after testing the resistance index area 4532 is adjusted downward.

Today (14.00 GMT) is scheduled to publish data on sales volumes in the secondary real estate market, which can support investors, as activity in the sector is at a high level for the post-crisis time, and should be an important driver of GDP growth in the coming quarters. We are looking for shopping opportunities at relatively low prices close to important technical support levels.

nasdaq chart
Nasdaq 100 chart
Trading analytics  

Support and resistance levels  
Support 1    4470
Support 2    4440
Current price:   4495
Resistance 1    4532
Resistance 2    4555

NASDAQ 100 (NQ)   –   buy nasdaq   –   Purchases, if the quotes will move up after testing support for 4470. The goal – 4532. Stop-Loss = 4440

Warning: Profitability in the past does not mean profitability in the future. Any projections are for informational purposes and do not guarantee the results obtained.

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