Stocks Analysis by Fawad Razaqzada covering: Nasdaq 100. Read Fawad Razaqzada's latest article on Investing.com
Maintaining vigilance around pivotal price points will help navigate the Nasdaq 100’s bullish trend amid looming risks.After Tuesday's drop, the markets stabilized on Wednesday in a quiet trade and now US equity futures are making a comeback attempt during the first half of Thursday’s session. This is despite continued weakness in China, where the government’s latest attempt to shore up the property market, failed to lift sentiment.), which had also sparked some concern.
However, as mentioned, we know that anything can happen at any moment. It's crucial, therefore, to keep an eye on the charts for signs of a reversal. A break of key support levels could signal an opportunity to step aside or even go short if the trend shifts.If the market reverses today for whatever reason and turns lower, then that could be the first sign of trouble, particularly after Tuesday’s bearish close.
But let’s not jump the gun. For now, it’s all about watching those key support levels and seeing if the bulls can keep control of the market. If they do, the uptrend remains intact. If not, we now know exactly what to look for.If you can’t trade index futures or derivatives, then consider an exchange traded fund such as QQQ, which is an index fund offered by Invesco that mimics the returns of theWhile the Nasdaq 100 has had an impressive run, caution is key as we head toward the US election.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gold: Key Buy Zones to Target If the Long-Overdue Pullback MaterializesCommodities Analysis by Fawad Razaqzada covering: XAU/USD, US Dollar Index Futures, Gold Futures. Read Fawad Razaqzada's latest article on Investing.com
Read more »
GBP/USD Could Become Ripe for Short Following Hattrick of Monthly GainsForex Analysis by Fawad Razaqzada covering: British Pound US Dollar, US Dollar Index Futures. Read Fawad Razaqzada's latest article on Investing.com
Read more »
EUR/USD: Broader Bullish Trend Remains Intact Ahead of Landmark Fed DecisionForex Analysis by Fawad Razaqzada covering: EUR/USD, US Dollar Index Futures. Read Fawad Razaqzada's latest article on Investing.com
Read more »
S&P 500 Primed for Record Open, But Keep an Eye Out for Bull Trap Warning SignsStocks Analysis by Fawad Razaqzada covering: S&P 500 Futures. Read Fawad Razaqzada's latest article on Investing.com
Read more »
S&P 500: Chinese Stimulus Paves Way for New ATH, But Overbought Risks LoomStocks Analysis by Fawad Razaqzada covering: S&P 500. Read Fawad Razaqzada's latest article on Investing.com
Read more »
EUR/USD: Reversal Risks Grow as Weak Eurozone Data Weighs on PairForex Analysis by Fawad Razaqzada covering: EUR/USD, US Dollar Index Futures. Read Fawad Razaqzada's latest article on Investing.com
Read more »