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German Green Party official Droege: If the CDU and SPD want our support, they must show that the investment will be used for climate and national development.German Green Party official Droege: It is recommended that Green Party members not vote in favor of the bill to (increase) spending.On March 10, ECB board member Kazimir said that in the face of persistent inflation risks, the ECB needs to keep an open mind on its next move. Kazimir said, "In the coming weeks, we must carefully evaluate all the upcoming data and supplement what we have learned with prudent judgment." He also said that this flexibility means "keeping all options, whether we decide to cut interest rates again or pause them." Kazimir said in a column, "Although the inflation trend is encouraging, I am still looking for undeniable evidence that the decline in inflation will continue." He said that now is "not the time to make automatic decisions or act hastily."March 10, according to European media reports, about 80% of the EUs military equipment is currently purchased from non-EU suppliers, especially from American companies, and this proportion has caused concern in the EU. European Commission President Ursula von der Leyen said on the 9th that if 80% of the 800 billion euros of funds for the "Re-Armament Europe" plan flow outside the EU, it will be detrimental to the EU. Von der Leyen said that the EU needs to gradually increase "buying European products", and the UK and Norway are possible supply options for this plan. Von der Leyen also said that the EU must think about how to achieve this goal, and it is very important to keep research and development work and good jobs in Europe.On March 10, the Stockholm International Peace Research Institute released a report showing that in the past five years, the United States has exported weapons to more than 100 countries and regions and is the largest arms supplier to Ukraine. Ukraine has become the worlds largest arms importer, with imports increasing nearly 100 times from 2015 to 2019, of which 45% came from the United States.

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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