In today’s briefing:
- NASDAQ 100 E-Mini Futures (NQ1) – Our 13740 Target Was Achieved Last Week – Ongoing Bullish Bias
- US 10YR Yield (USGG10YR) – Weekly Close Confirms a Renewed MT Uptrend – Target 3.90/3.95
NASDAQ 100 E-Mini Futures (NQ1) – Our 13740 Target Was Achieved Last Week – Ongoing Bullish Bias
- At TMA we deliver high probability outcomes by focusing on our 3 pillars of technical analysis. •1) Response to key levels. •2) Price action. •3) Momentum confirmation.
- On 27 March 2023 we identified a pending 6.2% upswing in NQ1 and 13740 target. A further bullish outlook would hinge upon the response to 1yr range highs at 13740.
- Our interim target at 13740 was achieved and exceeded last week. The weekly close above 13740 identifies an evolving MT uptrend. Interim target at 14350. Potential to 15000+ in 2023.
US 10YR Yield (USGG10YR) – Weekly Close Confirms a Renewed MT Uptrend – Target 3.90/3.95
- At TMA we deliver high probability outcomes by focusing on our 3 pillars of technical analysis. •1) Response to key levels. •2) Price action. •3) Momentum confirmation.
- US 10yr Yield broke above its 4 decade downtrend at 2.70 in 2022, confirming a positive multi-year outlook and target towards 6.24 (38.2% retracement of the LT downtrend).
- Last week’s weekly close confirmed a renewal of the MT uptrend bias after a multi-month period of consolidation finally produced a definitive positive breakout above 3.57/3.64. Interim target at 3.90/3.95.
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