NQ E-mini NASDAQ 100 Futures Weekly Chart Analysis: 2024-Nov-03 18:06 CT

Price Action

• Last: 20132.25,
• Bars: Medium,
• Mom: Average.

WSFG Weekly

• Short-Term
• WSFG Current: 0%
• F0%/NTZ' Bias: Price Neutral,
• WSFG Trend: Neutral.

MSFG Month Nov

• Intermediate-Term
• MSFG Current: 3%
• F0%/NTZ' Bias: Price Above,
• MSFG Trend: Up.

YSFG Year 2024

• Long-Term
• F0%/NTZ' Bias: Price Above,
• YSFG Trend: UTrend,
• YSFG vs Prior YSFG: Open higher.

Swing Pivots

• (Short-Term) 1. Pvt. Trend: UTrend,
• (Intermediate-Term) 2. HiLo Trend: UTrend,
• 3. Pvt. Evolve: Pvt high 19962.00,
• 4. Pvt. Next: Pvt low 18795.25,
• 5. Levels R: 21218.75, 20785.50,
• 6. Levels S: 18795.25, 17566.00.

Weekly Benchmarks

• (Intermediate-Term) 5 Week: 20362.25 Down Trend,
• (Intermediate-Term) 10 Week: 20036.25 Down Trend,
• (Long-Term) 20 Week: 19962.00 Up Trend,
• (Long-Term) 55 Week: 18795.25 Up Trend,
• (Long-Term) 100 Week: 17045.43 Up Trend,
• (Long-Term) 200 Week: 16204.09 Up Trend.

Recent Trade Signals

• 31 Oct 2024: Short NQ 12-24 @ 20036.25 Signals.USAR-MSFG
• 31 Oct 2024: Short NQ 12-24 @ 20069.25 Signals.USAR.TR720
• 31 Oct 2024: Short NQ 12-24 @ 20408.75 Signals.USAR-WSFG
• 30 Oct 2024: Short NQ 12-24 @ 20534.5 Signals.USAR.TR120

Overall Rating

• Short-Term: Neutral,
• Intermediate-Term: Bullish,
• Long-Term: Bullish.

Key Insights Summary

The NQ E-mini NASDAQ 100 Futures chart shows a mixed short-term outlook with neutral momentum and recent short signals, indicating potential consolidation. Intermediate and long-term trends remain bullish, supported by upward trends in moving averages and price action above key support levels. The market has opened higher compared to the previous year, suggesting a continuation of the upward trend. Traders should watch for potential resistance at higher levels and support at recent pivot lows.