Nasdaq futures rallied strongly since April 7, 2025 low and made a new all time high. Today, we take a look at how our members knew where the rally was likely to end and where we could start a rally for new all time highs or produce 3 waves reaction higher at least.
NQ_F (Nasdaq Futures) Daily Chart April 6, 2025
Nasdaq daily chart below shows Index futures ended cycle from October 2022 low back in December 2024. It was a tremendous rally which resulted in more than 100% gain. Pull back from December 2024 high is in 3 waves or 7 swings and should be ending between 17202 – 16417 area. As pull back holds above 14375 which is 161.8% fibonnacci extension of (( W )) related to (( X )), we expect Index futures to find buyers in 17202 – 16417 area and turn higher to resume the rally for a new all time high.
NQ_F (Nasdaq Futures) Daily Chart April 6, 2025
Nasdaq futures completed 7 swings in the defined area finding a low at 16467 and rallied strongly. Index made a new all time within a few months of hitting the buying area. It rallied from 16467 to 22998 gaining 6531 points which works out to be 39.66%. When market was in a sharp decline back in April 2025, our members knew exactly where to expect the pull back to end and to enter long positions. It has yielded a profit of 39.66% so far and rally is not over yet. Rally from April 2025 low can extend further before it comes to an end. Once the rally is over, we can expect a larger pull back in 3 or 7 swings to correct the cycle from April 2025 low before Index futures turn higher again.
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