NASDAQ Futures - Rejection from 15525

*NASDAQ Futures Daily Technical Report*



NASDAQ Futures made some advances but price action could not show enough conviction of a Day close above 15440


Today's renewed gains remain capped below 15490 which coincides with 5 Day EMA and 4 Hour middle Bollinger Band which urges caution during upcoming jobs report.


Strong acceptance above 15490 will extend upmove towards next resistance zone 4 Hour 50 EMA 15528 followed by 4 Hour 100 SMA 15580 where sellers are likely to resurface aiming a drop to 4 Hour 200 SMA 15305 and retest of 15250

Failure to defend this 15250 makes NASDAQ vulnerable to further decline towards 50 Day EMA 15012 if maiden stop 15150 does not impress.

On the flip side, strong acceptance above 15490 followed by 15580 will ease the path to horizontal resistance zone 15800