Forecast detail

Nasdaq Futures (NQ/MNQ)Trading Plan – July 27Market OverviewFriday’s session saw sellers remain firmly in control after buyers failed to defend the 28,665 level. That breakdown accelerated bearish momentum throughout the day, resulting in a decline of more than 400 points and leaving Nasdaq futures to finish the week near the session low of 28,213.The sharp selloff reflected continued profit-taking in growth stocks, elevated market volatility, and cautious positioning ahead of one of the most important weeks of the earnings season.Over the weekend, tensions between the United States and Iran eased as both sides paused exchanging strikes. The de-escalation contributed to a sharp decline in crude oil prices, with oil falling approximately 7% as concerns over potential supply disruptions eased. While lower energy prices have improved market sentiment, there have been no confirmed reports that formal peace negotiations are underway, suggesting traders should remain cautious about reacting to geopolitical headlines.Nasdaq futures responded positively overnight, opening with a gap higher as investors shifted their attention toward an event-packed week featuring earnings from Microsoft, Meta, and Amazon, along with the Federal Reserve’s interest rate decision on Wednesday.We currently have a bullish continuation setup, supported by the London session trading above the Asia session range, indicating buyers have maintained control heading into the U.S. session.