Summary
The Nasdaq Futures market is currently in a retracement channel. The top of the channel is around 15300, and the bottom of the channel is around 15100. If the market breaks below 15100, it could enter a bearish trend. If the market breaks above 15300, it could resume its bullish trend.
Entry and Exit Points
Buy: If the market breaks above 15300, you can enter a long position. Place a stop loss below 15100.
Sell: If the market breaks below 15100, you can enter a short position. Place a stop loss above 15300.
Technical Analysis
The stochastic oscillator is in the oversold zone, which suggests that the market is due for a rebound. The MACD is also crossing over, which is a bullish signal. However, the market is still in a retracement channel, so it is important to be cautious.
Conclusion
The Nasdaq Futures market is currently in a retracement channel. The market could break out of the channel to the upside or downside. If you are bullish on the market, you can enter a long position if the market breaks above 15300. If you are bearish on the market, you can enter a short position if the market breaks below 15100.
Disclaimer
This is not investment advice. Always do your own research before making any investment decisions.
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