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On September 8th, according to the Ministry of Science and Technology, on September 4th, 2026, Vice Minister Zhang Guangjun met in Beijing with Jessica Dempsey, Director General of the Square Kilometre Array (SKAO), and Filippo Zelbi, Chairman of the Board of Governors. The two sides held in-depth exchanges on the progress of the Square Kilometre Array (SKA) radio telescope and important issues related to the development of SKAO.Google Cloud and Accenture have formed a new division to help customers deploy Google Cloud’s intelligent AI platform.On September 8th, Bank of America analyst Didier Scemama stated in a research report that ASML Holdings advanced chip manufacturing equipment is gaining momentum following TSMC and Samsung Electronics announcements of plans for large-scale adoption of their high numerical aperture (HAP) technology in the coming years. Scemama pointed out that these announcements collectively indicate that the technology is moving from the development stage into broader manufacturing applications in logic and memory chips. Simultaneously, ASMLs announcement of collaborating with TSMC to transition to larger photomasks is also positive, potentially increasing productivity, reducing chip manufacturing costs, and eliminating splicing limitations. ASMLs share price rose 1.5% to €1,523.00.On September 8, 2026, Li Chenggang, Chinas Vice Minister and International Trade Representative, met with Ahmed Saeed, Qatars Minister of State for Foreign Trade. The two sides held in-depth exchanges on issues including China-Qatar bilateral economic and trade relations.September 8th - The Shanghai Council for the Promotion of International Trade and the China Association of Automobile Manufacturers announced today (September 8th) that the 2027 Shanghai Auto Show will be held from April 23rd to May 2nd next year, with an expected exhibition area of 400,000 square meters. It is understood that the 2027 Shanghai Auto Show will explore several cutting-edge tracks, launching an embodied intelligence exhibition area to showcase application scenarios of cutting-edge technologies such as physical AI and high-end chips. This aims to enrich the product definition, technical architecture, and industrial landscape of intelligent vehicles, and strive to promote the leap from "manufacturing" to "intelligent manufacturing" in the global automotive industry.

Trade Through 13583.75 Changes Minor Trend to Up in E-mini NASDAQ-100

Cameron Murphy

Apr 29, 2022 10:10

Investors followed the wave produced by excellent Meta Platforms results, sending June E-mini NASDAQ-100 Index futures up just after the mid-session on Thursday. The rally expanded to damaged technology and growth sectors, easing concerns about a U.S. economic slowdown in the first quarter.


June E-mini NASDAQ-100 Index futures are trading at 13399.75, up 390.75 or +3.00 percent, as of 18:04 GMT. The Invesco QQQ Trust ETF (QQQ) is now trading at $327.55, up $10.79 or 3.41%.

News on the stock market

The parent company of Facebook surged 14.3% after reporting a better-than-expected earnings and seeing user growth on the social-networking site.


Apple Inc, the world's most valuable corporation, and Amazon.com Inc, the world's largest e-commerce firm, both surged more than 2% ahead of their results later in the day.

Economic News from the United States

After growing at a 6.9% annualized pace in the fourth quarter, gross domestic product declined at a 1.4 percent annualized rate in the first quarter, according to a report from the US Commerce Department. The economy was expected to expand at a pace of 1.1 percent, according to economists surveyed by Reuters.

Technical Analysis of the Daily Swing Chart

According to the daily swing chart, the major trend is down. The return of the downturn will be signaled by a transaction through 12801.50. The major trend will turn to up if the price breaks over 14298.00.


The minor trend is similarly in the negative direction. The minor trend will be changed to up if a transaction is made through 13583.75. This will cause the momentum to move upward.


13583.75 to 12801.50 is the minor range. It is now trading around 13192.50, which represents support, on the strong side of its pivot.


15268.75 to 12801.50 is the short-term range. If the minor trend reverses, the retracement zone between 14035.25 and 14326.25 will be the next upward target.

Technical Forecast for the Daily Swing Chart

Trader response to 13192.50 will influence the direction of the June E-mini NASDAQ-100 Index into Thursday's closing.

Possibilities for Growth

The presence of buyers will be shown by a persistent advance over 13192.75. The minor peak at 13583.75 is the next goal. If this level is broken, the minor trend will shift to the upside, providing the impetus required to attack the short-term 50% level at 14035.25.

Scenario that is bearish

The presence of selling will be signaled by a prolonged move below 13192.75. This might lead to a retest of the low of the week, which was 12801.50. If this price fails, expect the selling to continue into the primary bottom at 12179.50 on March 5, 2021.

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