MICRO E-MINI NASDAQ100 FULL0624 - Daily - Technical analysis published on 09/10/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
56%
0%
44%
My opinion
Bullish above 15,157.30 USD
My targets
15,969.00 USD (+2.37%)
16,327.00 USD (+4.67%)
My analysis
The bullish trend is currently very strong on MICRO E-MINI NASDAQ100 FULL1221. As long as the price remains above the support at 15,157.30 USD, you could try to benefit from the boom. The first bullish objective is located at 15,969.00 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 16,327.00 USD as an objective. Crossing it would then enable buyers to target 16,956.00 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.9
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This analysis was given by Clay707. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
MICRO E-MINI NASDAQ100 FULL1221 rating 15,599.00 USD. The price has increased by +0.32% since the last closing and was traded between 15,545.00 USD and 15,601.50 USD over the period. The price is currently at +0.35% from its lowest and -0.02% from its highest.15,545.00
15,601.50
15,599.00
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by MICRO E-MINI NASDAQ100 FULL1221:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of MICRO E-MINI NASDAQ100 FULL1221 indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase are moderate given the direction of the technical indicators.
Other results related to technical indicators were also found by the Central Indicators scanner:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 12,998.50 | 14,029.50 | 15,157.30 | 15,599.00 |
| Change (%) | -16.67% | -10.06% | -2.83% | - |
| Change | -2,600.50 | -1,569.50 | -441.70 | - |
| Level | Minor | Major | Intermediate | - |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15,380.20 | 15,463.00 | 15,510.90 | 15,593.70 | 15,641.60 | 15,724.40 | 15,772.30 |
| Camarilla | 15,522.86 | 15,534.84 | 15,546.82 | 15,558.80 | 15,570.78 | 15,582.76 | 15,594.74 |
| Woodie | 15,362.75 | 15,454.28 | 15,493.45 | 15,584.98 | 15,624.15 | 15,715.68 | 15,754.85 |
| Fibonacci | 15,463.00 | 15,512.93 | 15,543.77 | 15,593.70 | 15,643.63 | 15,674.47 | 15,724.40 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15,205.00 | 15,312.50 | 15,483.00 | 15,590.50 | 15,761.00 | 15,868.50 | 16,039.00 |
| Camarilla | 15,577.05 | 15,602.53 | 15,628.02 | 15,653.50 | 15,678.98 | 15,704.47 | 15,729.95 |
| Woodie | 15,236.50 | 15,328.25 | 15,514.50 | 15,606.25 | 15,792.50 | 15,884.25 | 16,070.50 |
| Fibonacci | 15,312.50 | 15,418.70 | 15,484.30 | 15,590.50 | 15,696.70 | 15,762.30 | 15,868.50 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13,995.00 | 14,353.00 | 14,982.00 | 15,340.00 | 15,969.00 | 16,327.00 | 16,956.00 |
| Camarilla | 15,339.58 | 15,430.05 | 15,520.53 | 15,611.00 | 15,701.48 | 15,791.95 | 15,882.43 |
| Woodie | 14,130.50 | 14,420.75 | 15,117.50 | 15,407.75 | 16,104.50 | 16,394.75 | 17,091.50 |
| Fibonacci | 14,353.00 | 14,730.03 | 14,962.97 | 15,340.00 | 15,717.03 | 15,949.97 | 16,327.00 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 63.85 | |
| MACD (12,26,9): | 175.1400 | |
| Directional Movement: | 4.41 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 15,676.49 | |
| Parabolic SAR (0,02-0,02-0,2): | 15,493.92 | |
| Elder Ray (13): | 42.96 | |
| Super Trend (3,10): | 15,227.04 | |
| Zig ZAG (10): | 15,597.75 | |
| VORTEX (21): | 1.1900 | |
| Stochastique (14,3,5): | 80.44 | |
| TEMA (21): | 15,692.52 | |
| Williams %R (14): | -23.89 | |
| Chande Momentum Oscillator (20): | 234.20 | |
| Repulse (5,40,3): | 0.1700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1700 | |
| Courbe Coppock: | 6.43 |
| MA7: | 15,629.80 | |
| MA20: | 15,398.90 | |
| MA50: | 15,113.49 | |
| MA100: | 14,468.15 | |
| MAexp7: | 15,595.85 | |
| MAexp20: | 15,441.26 | |
| MAexp50: | 15,090.99 | |
| MAexp100: | 14,606.08 | |
| Price / MA7: | -0.20% | |
| Price / MA20: | +1.30% | |
| Price / MA50: | +3.21% | |
| Price / MA100: | +7.82% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +1.02% | |
| Price / MAexp50: | +3.37% | |
| Price / MAexp100: | +6.80% |
Quotes :
-
10 min delayed data
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CME E-mini Futures
This member declared not having a position on this financial instrument or a related financial instrument.
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