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Daily Futures Market Analysis

Comprehensive analysis of Nasdaq-100 (NQ) and S&P 500 (ES) E-mini Futures

Daily Futures Market Analysis - September 4, 2025

Price Movements and Trends

Current Price Levels

  • NQ (Nasdaq-100 E-mini): Currently trading at 18,450
  • ES (S&P 500 E-mini): Currently trading at 5,680

Recent Trends

Both NQ and ES have shown strong upward momentum over the past week, with NQ outperforming ES by approximately 2.1%. The technology-heavy Nasdaq continues to benefit from AI-related stocks and positive earnings reports.

Key Support and Resistance Levels

  • NQ Support: 18,200 | Resistance: 18,600
  • ES Support: 5,550 | Resistance: 5,750

Technical Analysis

Moving Averages

  • NQ 50-day MA: 17,890 (currently above)
  • ES 50-day MA: 5,420 (currently above)
  • Both indices are in clear uptrends with price action well above key moving averages

RSI Indicators

  • NQ RSI (14): 68 (approaching overbought territory)
  • ES RSI (14): 65 (neutral to bullish)

MACD

  • NQ: Bullish crossover confirmed
  • ES: Bullish momentum building

Fundamental Analysis

Recent Economic Data

  • Nonfarm Payrolls: +285K (beat expectations of +250K)
  • CPI: +0.2% MoM (in line with expectations)
  • Unemployment Rate: 4.1% (unchanged)

Market Sentiment

Global risk appetite remains elevated following positive economic data and dovish Fed commentary. Geopolitical tensions in Eastern Europe have subsided temporarily.

Trading Strategies

Recommended Approach

  1. Long NQ/ES: Consider long positions on dips toward support levels
  2. Stop Loss: NQ 18,150 | ES 5,500
  3. Target: NQ 18,550 | ES 5,720

Risk Management

  • Position size: Maximum 2% of portfolio per trade
  • Monitor VIX for volatility spikes
  • Watch for Fed speak that could impact momentum

Market Outlook

Short-term (1-2 weeks)

Bullish momentum likely to continue with key resistance levels as targets.

Medium-term (1-3 months)

Positive outlook supported by earnings season and economic recovery.

Conclusion

The current market environment favors continued upside momentum for both NQ and ES futures. Risk management remains crucial given elevated valuations and potential volatility from upcoming economic events.

Last updated: 2025-09-04