
Nasdaq 100 Futures Near 759 Target, 726 Low as Market Eyes 685 Test Post-FOMC Amid Thin Volume
The Nasdaq 100 futures ($NQ_F) have experienced notable volatility and volume fluctuations following the recent Federal Open Market Committee (FOMC) meeting. A key technical target of 759, representing 61% retracement of Friday's low, was identified and posted Tuesday evening as a post-FOMC downside projection. The market has approached the 726 level, the low of Sunday evening, which is expected to be tested in due course. Analysts suggest that the downward move may continue until the 685 level is tested, potentially after the options expiration (opex) period. Trading volumes during the extended selloff have been relatively low, indicating that the move is driven largely by stop orders rather than strong underlying demand. The market environment has been described as thin and driven by algorithmic trading, with volume pivots observed around 752, 759, and 762. Despite reaching near these targets, the market's direction remains unresolved until the 685 zone is tested. These technical levels and volume patterns were discussed during the Asian trading session and reaffirmed in subsequent analysis.
Sources
- Pauly@spz_trader
$NQ_F - My 759 target was posted for fellas Tuesday evening as a post-FOMC target. The zone was discussed in Asia, so it aint like now the mkt slides I tell y'all abt downside destinations.
- Pauly@spz_trader
$NQ_F 30m - I posted there is a zone (685/726). We have nearly reached 726, although I do not believe move is resolved until 685 is tested and this may not come into play until post-opex https://t.co/Ty0VD1os5J
- Pauly@spz_trader
$NQ_F 10m - (Past Friday) You can see there are two Volume Pivots 762 & Big 752) thus would expect demand that confluences with 759 61% back https://t.co/jRIAQ6ZQFT
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