Nasdaq Futures Analysis – 21Sep2020

Nasdaq100 futures showed some buying strength after a long time, after several days. However, the weakness is strongly visible in the daily chart above, and prices can still go lower to test 10,500 level in the remaining days of September month.

Technical analysis is showing 11,400 as a likely target for any real upmove in the current setup. Any upmove above 11,500 will face a strong resistance, and there will be  reliable breakout above 11,600. Nasdaq traders have to carefully watch Apple stock behavior, because it still has pending downside till 96, and any correction in Apple stock will bring market indices down.