Score 9.2 (out of 10): NASDAQ 100 E-MINI sets up for +5.6% rally in 1 month

58

What’s Going On Here?

The Minutes – the notes from the December meeting of the Federal Reserve – have indicated that the Fed members are planning to hike interest rates faster than previously expected. This had a negative impact on stock prices, especially shares.

Why Now?

NASDAQ 100 E-MINI has triggered a new technical analysis ‘rally reversal’ signal. During similar occasions, NASDAQ 100 E-MINI shares had a median return of +5.6%, over the following 1 month – based on 10 historical occasions with 9 of those showing positive returns (90%). This buy signal for NASDAQ 100 E-MINI received a high score of 9.2 (out of 10). This insight was generated on 2022-January-5 with last price of 15789.5.

What’s This Company About?

NASDAQ 100 E-MINI is in the XX business. Based on the last 2 years’ risk/return profile, this asset is seen as Less Risky. Ticker symbol: NQ.

What’s My Risk / Reward and Time Horizon?

We found 1 month to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 16677.79 (+5.6%) has been reached. Based on NASDAQ 100 E-MINI’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 15060.2 (last price at 15789.5), which is equivalent to a -4.6% decline.

Returns during similar periods:

The chart above shows the previous returns (in %) based on similar setups with the most recent ‘insight’ shown under (1), the second most recent ‘insight’ shown under (2), etc. 

Previous episodes:

7.7% (October-2021), 6.4% (May-2021), 5.5% (March-2021), 5.5% (September-2020), 15% (March-2020), 3% (August-2019), 5.7% (June-2019), 8.9% (January-2019), -0.4% (October- 2018), 5.1% (April-2018).

Historical Chart:

———————————————————————

Summary:

NameNASDAQ 100 E-MINI
ViewUp
Star (1 to 10)9.2
Target+5.6%
Time1 month
Hit Rate90%

Popular Insights:

Leave a Reply