QQQ is currently poised to essentially pick up where it left off yesterday, backtesting the 212.32 resistance from below once again in the pre-market session. Keep in mind that any gains or losses by the end of today’s session can be wiped out, or built upon, quickly after INTC reports earnings after the close today. SPY is also currently indicated to open slightly higher without any significant changes in its technical posture.
QQQ 60m April 23rd
/NQ (Nasdaq 100 futures) is starting to crack above the downtrend line/triangle but testing the 8690 resistance level once again. Currently pinched between support & resistance, it’s going to break one way or the other shortly before or after the open today although I’d take any move in the indexes today with a grain of salt as I’d prefer to see the tone that is set in the market once tomorrow’s trading session is underway following tonight’s earnings report from INTC (Intel).
NQ 60m April 23rd
I’ve added a new, minor resistance level added at 2806 which /ES is currently testing as a break above that level could be the catalyst for a near-term rally while a rejection here could send the S&P 500 futures lower.
ES 60m April 23rd