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Micron Technology (MU.O) shares continued to fall, recently down about 3%; SK Hynixs Nasdaq-listed shares have begun trading.On July 10th, SK Hynix (SKHYV.O) opened at $170 per share, a 14% increase from its IPO price of $149, demonstrating continued strong investor interest in companies benefiting from the artificial intelligence boom. The stock price rose further within minutes of opening, last trading at $174. The company, trading under the temporary ticker symbol SKHYV, raised $26.51 billion through American Depositary Receipts (ADRs), making it the largest stock offering by a non-U.S. company in history.July 10th - This afternoon, the signing ceremony for the cooperation agreement of the Zhiyuan-Lens Robotics intelligent production line project was held in Huizhou. Following discussions among Huiyang District, Zhiyuan Innovation, and Lens Robotics, Zhiyuan Innovation intends to entrust Lens Robotics with robot production. The project is planned to be located in the Huiyang Jushen Intelligent Industrial Park, initially focusing on the production of Zhiyuans Lingxi X2 robot, with a planned annual production capacity of over 1,000 units, subsequently expanding to other Zhiyuan product lines.The German DAX 30 index closed down 29.96 points, or 0.12%, at 25,074.16 on Friday, July 10; the UK FTSE 100 index closed up 25.68 points, or 0.25%, at 10,498.13 on Friday, July 10; and the French CAC 40 index closed up 12.35 points, or 0.15%, at 8,338.97 on Friday, July 10; European The Stoxx 50 index closed down 16.27 points, or 0.26%, at 6268.00 on Friday, July 10; the Spanish IBEX 35 index closed up 62.27 points, or 0.32%, at 19385.07 on Friday, July 10; and the Italian FTSE MIB index closed up 244.58 points, or 0.47%, at 52626.50 on Friday, July 10.July 10 - SK Hynix (SKHYV.O) shares rose 14% on its first day of trading on the US stock market, opening at $170, compared to an offering price of $149.

E-mini NASD-100: Sellers Targeting March Bottom at 12942.50

Cameron Murphy

Apr 24, 2022 10:08


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The June E-mini NASDAQ-100 Index futures are down significantly just before the close on Friday, putting the tech-heavy index on track for its third week of losses. On heightened clarity regarding aggressive near-term interest rate rises and general worries ahead of Big Tech reports next week, sellers pounded technology equities.


June E-mini NASDAQ-100 Index futures were trading at 13442.00 at 17:55 GMT, down 286.25 or -2.09 percent. The Invesco QQQ Trust ETF (QQQ) is now trading at 325.41, down 8.74 percent.

Tech Stocks Have a Difficult Future Prior to the Release of Major Earnings Reports

The NASDAQ Composite has had a bumpy start to the year due to the possibility of a more hawkish Fed. The tendency is particularly obvious in tech and growth stocks, which are more exposed to increasing bond rates in terms of valuation. In the year 2022, the NASDAQ is down 17.9%.


The four largest U.S. corporations by market value, Apple, Microsoft, Amazon, and Google parent Alphabet, will report earnings next week.

Technical Analysis of the Daily Swing Chart

According to the daily swing chart, the major trend is down. The primary trend will be changed to down if a deal is made through 14298.00. The downtrend would be reaffirmed if the price breaks through the intraday low of 13435.75.


12942.50 to 15268.75 is the short-term range. The index is now trading at resistance from 13831.25 to 14105.75, which is the lower end of its retracement zone.

Technical Forecast for the Daily Swing Chart

Trader response to 13728.25 will influence the direction of the June E-mini NASDAQ-100 Index entering Friday's closing.

Scenario that is bearish

The presence of sellers will be shown by a persistent move below 13728.25. If the intraday low of 13435.75 is broken, it means the selling pressure is increasing. Look for a downward acceleration if this builds enough downside momentum, with 12942.50 being the next big negative target.

Possibilities for Growth

The return of buyers will be signaled by the crossing of 13728.25. This might provide enough rising momentum to test the 13831.25 to 14105.75 short-term retracement zone. This is the last possible barrier level before the big peak at 14298.00.

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