The NASDAQ 100 E-MINI is an accumulation of the top 100 foremost non-financial U.S. Large-cap companies. This allows investors to have an influential hedge position as well as foresight into speculative trading strategies.  

NASDAQ 100 E-MINI Analysis 

With the current contract of the NASDAQ 100 E-MINI outside of a well formed hallway of sideways consolidation it allows for an accurate insight into new trading opportunities. Starting in November of 2017 there are tests of resistance level 6317.75 that will outline the lower end of the range. Between November of 2017 and June of 2018 there is sideways consolidation between resistance level 6317.75 and resistance level 6988.25. With the inability for the NASDAQ 100 E-MINI to maintain below resistance range 6988.25. We see the range high in August and October of 2018. Shown in Diagram A. 

With high volatility the NASDAQ 100 E-MINI was unable to maintain above median range resistance level 6988.25 and moved to retest resistance level 6317.75. With a downward trend the NASDAQ 100 E-MINI stayed below resistance level 6317.75 to retest a previous resistance level at 5886.75 from December of 2018 to January of 2019. Leading into a full upward trend into seeking higher highs for the range. On the way to the range high we see a slight pullback and retest of median range resistance level 6988.25 in March of 2019. With the new highest high being found in April of 2019 there is a highly volatile push to retest our median range resistance level 6988.25 in June of 2019. Shown in Diagram B. 

With the NASDAQ 100 E-MINI currently in a state of finding its newest high we only have a small amount of data to accurately find current resistance levels. If current trends hold, there will be a test of 8103.00. If the NASDAQ 100 E-MINI is unable to maintain its new found highest high trend there will be a retest of slight resistance level 7796.75 before moving to retest the previous high and resistance level 7680.50. Shown in Diagram C.


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Written by Nenad Jordanoski, Futures Trader and Technical Analyst.
Email: nj@thetrade.academy
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