From TradingView · · 40s
Nasdaq futures drop below key level
Nasdaq futures broke last week's low at 28,820.
In brief
Nasdaq futures broke last week's low at 28,820. Nasdaq futures dropped below last week's low of 29,305, targeting 28,820 next. Originally reported by TradingView.
Nasdaq futures short
Nasdaq futures broke last week's low at 28,820.
Value moved down
Last week's value area was 29,305-30,670 with POC 30,150.
Floor broke and stayed broken
First 5-minute close under last week's value low 29,305 came at 14:35 UTC.
Hourly structure
Hourly highs from 14:00: 29,594.75, 29,362.75, 29,379.75, 29,245.25, 29,209.5, 29,155.
Volume backs the move
Thursday traded about 738K contracts vs 652K Wednesday.
Target levels
Next target: 28,900-28,820 (September low 28,816) then 28,500-28,400.
In short
Nasdaq futures dropped below last week's low of 29,305, targeting 28,820 next.
