**Weekly Timeframe:**
The NAS market has printed a hammer doji off the 9 EMA. In terms of volume, it is only average. For now, the market is able to close above the 9 EMA.
**Daily Timeframe:**
On the daily timeframe, the market closed above the 9 EMA with strong volume. This signals a strong close and indicates that there are buyers around the area. I would...
MNQ is currently sitting at the 61.8% Fibonacci retracement level. Based on technical analysis, the bulls appear to be in control. There is a wide-spread bullish candle with above-average volume, and the price has bounced off the 40 EMA, which also acts as a confluence. This week will be a test of the 61.8% level, and it will be important to observe how the market...
