15d • General discussion
Premarket Analysis
Here's what I received this morning: The E-mini Nasdaq-100 futures (NQ) for the March 2026 contract are trading slightly lower this morning as of around 9:00 AM EST on January 26, 2026. The current price stands at 25,721.75, reflecting a decline of 16.50 points or -0.06% from the previous close of 25,738.25. Today's open was at 25,677, with a session high of 25,742.00 and a low of 25,583.25. Volume is moderate at 103,003 contracts, indicating decent liquidity for trading. CME data shows a similar picture, with the last price at 25,705.50 (-0.13%) and volume at 101,148, though slight discrepancies may exist due to timing or data feeds.
From a technical perspective, NQ exhibits a strong bullish bias across most time frames. The overall summary is a Strong Buy, driven by moving averages (10 Buy signals vs. 2 Sell) and technical indicators (6 Buy, 2 Neutral, 1 Sell). Key indicators include an RSI(14) at 50.793 (neutral), MACD(12,26) at 5.48 (buy), and ADX(14) at 22.902 (buy, suggesting moderate trend strength). The Stochastic oscillator is overbought at 99.551, which could signal potential short-term pullback risk, but the Ultimate Oscillator at 47.142 is a mild sell counterpoint. Pivot points for intraday trading include a classic pivot at 25,691.50, with resistance levels at 25,712.50 (R1), 25,735.50 (R2), and 25,756.50 (R3), and support at 25,668.50 (S1), 25,647.50 (S2), and 25,624.50 (S3). On hourly, daily, weekly, and monthly charts, the signal remains Strong Buy, while the 5-hour is Buy and 30-minute is Neutral—favoring longs but with caution for very short-term entries.
Market sentiment appears subdued overall, with U.S. stock futures trading flat to lower amid anticipation of the Federal Reserve's interest rate decision later this week and a busy earnings calendar. Recent analysis notes that NQ has bounced strongly from support levels, leaving upside potential open, though broader indices like the S&P 500 are testing key zones. Other influencing factors include recent PMI data releases, Intel's Q4 loss impacting tech sentiment, and geopolitical noise around tariffs, but no major volatility spikes are evident yet today.
For futures trading, NQ looks constructive for buyers on dips, given the technical strength and lack of immediate breakdowns below supports like 25,583.25. However, with volume not overly elevated and the Fed looming, traders might opt for tighter stops or wait for clearer catalysts. If holding positions, monitor for breaks above 25,742 (today's high) for bullish continuation toward pivot resistances, or below 25,583 for potential retests of lower supports. Always consider risk management, as futures involve leverage and can move quickly.
4
1 comment
Premarket Analysis
powered by
skool.com/futures-trading-group-7221
Welcome to the Futures Trading Group, an exclusive community dedicated to the mastery and advancement of AI-driven automated futures trading.
Suggested communities
Powered by