NASDAQ futures: Greek drama as a reason for shopping?

By | June 26, 2015

Futures on US stock indexes are adjusted downwards after rising in the previous two weeks as investors are anxiously awaiting the outcome of the Eurogroup meeting on Greece. German Chancellor Angela Merkel said on Saturday that the talks will be decisive.

Nevertheless, the government Tsipras this week signal a willingness to meet creditors, and those, in turn, noted that the new proposals could become a breeding ground for substantive negotiations. We believe that the issue will be resolved according to tradition at the last moment and stock markets return to growth.

Futures on NASDAQ 100 Index is currently trading below the 200-hour moving average, and at such relatively low levels may be of interest for long positions.

nasdaq 100 chart
Nasdaq 100 chart
Trading analytics
NASDAQ 100 (NQ)   –   buy nasdaq   –   Entry price: 4495-4500. Goal: 4550. Stop loss: 4483.
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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