From TradingView · · 50s
Nasdaq 100 Analysis for Tuesday
Short setup for Nasdaq 100 futures targets key resistance levels.
In brief
Short setup for Nasdaq 100 futures targets key resistance levels. Analyst recommends shorting Nasdaq 100 December futures from 29,600-29,640 with targets at 29,500, 29,380, and 29,260. Originally reported by TradingView.
Nasdaq 100 Settlement
The December Nasdaq-100 contract settled at 29,437.25 on Monday, up 319.50 or 1.10 percent.
Key Technical Levels
Resistance levels include Pivot R1 at 29,664.75 and two standard deviations resistance at 29,892.25.
Support Levels
Support levels include Pivot Point at 29,344.50 and one standard deviation support at 29,024.25.
Primary Setup
Short the December contract from 29,600 to 29,640 beneath Pivot R1 at 29,664.75.
Targets
Targets at 29,500 first, 29,380 second, and 29,260 third with 1:1 to 1:3 risk to reward.
Risk Management
Stop at 29,740 above Pivot R1 and below one standard deviation resistance at 29,812.44.
At a glance
Analyst recommends shorting Nasdaq 100 December futures from 29,600-29,640 with targets at 29,500, 29,380, and 29,260.
