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On April 27, local time, Russian Presidents Press Secretary Peskov said in an interview broadcast by Russian media that many of US President Trumps views on the Ukrainian conflict are basically consistent with Russias position. Peskov said that the work of resolving the Ukrainian issue is still in progress, but it cannot be done in an open way.On April 27, the spokesperson of the State Administration for Market Regulation answered questions from reporters about the Cheung Kong Ports transaction. A reporter asked: According to the Wall Street Journal report on April 16, Cheung Kongs sale of overseas ports will be split into two transactions to continue. What is the comment of the State Administration for Market Regulation? Answer: We pay close attention to the relevant transactions and will review them in accordance with the law. The parties to the transaction shall not circumvent the review in any way, and shall not implement the concentration before approval, otherwise they will bear legal responsibility.On April 27, the Russian Ministry of Defense reported that from 23:00 on April 26 to 4:00 a.m. on April 27, Moscow time, the Russian air defense system shot down and intercepted 5 Ukrainian drones in Bryansk Oblast. On the morning of the 27th, two more Ukrainian drones were shot down in the Crimea region. The Ukrainian Air Force reported on the 27th that from 21:00 on April 26 to the early morning of April 27, local time, the Russian army launched a total of 149 drones at Ukraine. As of 9:00 a.m. on April 27, local time, the Ukrainian army confirmed that 57 drones had been shot down.The Vancouver police in Canada said that they believe this incident was not an act of terrorism. Earlier, someone drove a car into a crowd in Vancouver, Canada, causing many deaths and injuries.According to RIA Novosti: Russian military commanders told Russian President Vladimir Putin that the remnants of Ukrainian troops scattered in Russias Kursk region will soon be eliminated.

E-mini NASDAQ-100: Trying to Form Bullish Reversal Bottom

Cameron Murphy

Apr 26, 2022 10:49


微信截图_20220426095439.png


Monday's mid-session E-mini NASDAQ-100 Index futures are down, although seeking to recoup some of their early losses. Fears about China's COVID-19 breakouts frightened investors already anxious about quicker U.S. interest rate rises denting economic growth, so the tech-weighted index prolonged its steep selloff from last week.


June E-mini NASDAQ-100 Index futures are trading at 13384.50, up 31.00 or 0.23 percent, at 17:20 GMT. This is an increase from the previous low of 13184.00. The Invesco QQQ Trust ETF (QQQ) is up $0.75, or 0.23 percent, to $326.15.


Investors were particularly nervous at the outset of a week that would see megacap firms such as Google parent Alphabet Inc, Microsoft Corp, Amazon.com Inc, and Apple Inc report quarterly results.


In mergers and acquisitions news, Twitter Inc jumped 3.9 percent after Reuters reported that it was prepared to accept Tesla Inc CEO Elon Musk's 'best and last' cash offer of $54.20 per share.

Technical Analysis of the Daily Swing Chart

According to the daily swing chart, the major trend is down. The continuation of the decline will be signaled by a trade through the intraday low of 13184.00. The major trend will turn to up if the price breaks over 14298.00.


12942.50 to 15268.75 is the short-term range. The market is now trading on the weak side of its retracement zone, which is resistance from 13831.25 to 14105.75.

Technical Forecast for the Daily Swing Chart

Trader response to 13353.50 will influence the direction of the June E-mini NASDAQ-100 Index entering Monday's closing.

Scenario that is bearish

The presence of sellers will be shown by a persistent rise below 13353.50. It will be a sign of weakness if the intraday low of 13184.00 is broken. Look for the selling to continue towards the March 15 major low around 12942.50 if this move develops adequate negative momentum.

Possibilities for Growth

The presence of buyers will be signaled by a persistent advance over 13353.50. Look for a late-session push towards the short-term retracement zone of 13831.25 – 14105.75 if this move creates enough upward momentum.

Notes on the Side

A daily closing price reversal bottom will be formed if the price closes above 13353.50. If this is verified, a minimum 2- to 3-day corrective rally might begin.

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