Is NASDAQ Futures Set to Continue Its Bullish Momentum? Key Leve

- Key Insights: Nasdaq Futures are off to a strong start with a 1.4% gain,
bolstered by optimism in the tech sector and risk-on sentiment. However,
caution is advised as mid-week reversals could emerge, driven by
macroeconomic events and Federal Reserve commentary. Traders should monitor
yields, tech earnings, and sector tailwinds closely.

- Price Targets:
- Target Level 1 (T1): 19,400 (~3.2% higher), indicating a breakout
opportunity tied to bullish sentiment.
- Target Level 2 (T2): 19,800 (~5.3% higher), representing extended upside
momentum if T1 is breached.
- Stop Level 1 (S1): 18,200 (~3.2% lower), key downside protection in case of
a midweek reversal.
- Stop Level 2 (S2): 17,700 (~5.9% lower), deeper support for risk control
against volatility.

- Recent Performance: Nasdaq Futures gained 260 points, up 1.4% amidst strong
market sentiment, buoyed significantly by technology stocks. Weekend Wall
Street Futures also rallied 2-3%, signaling robust market positioning and
optimism leading into the new trading week.

- Expert Analysis: Analysts attribute current bullishness to the technology
sector’s leadership, strong earnings outlook, and broader risk-on appetite
reflected in correlated assets like Bitcoin. However, higher Treasury yields
(4.5%) could temper growth stocks later in the week as borrowing costs rise.
Investors are urged to monitor inflation data and sector developments for
recalibration.

- News Impact: Apple options activity hints at potential upcoming catalysts,
while Nasdaq ETF trends in QQQ suggest sustained bullishness with resistance
levels aligning to Futures analysis. Federal Reserve commentary and
inflation data may pose key risks, especially for rate-sensitive tech
stocks.