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Nasdaq Beware

by Ashraf Laidi
Jul 17, 2026 11:46

I just published the Daily Nasdaq chart on the cash or spot. It shows Thursday's close but NOT the current CFD or futures as of Friday 11:50 am British Summer Time. If no major change in the index between now and the NY cash open, then the cash will likely open near 28500-600, implying a GapDown of about 700-800 pts. There is something considerably negative for the index if it closes the day below 29300. I will share the info with our English and Arabic WhatsApp Bdcst Group before the NY cash open. 

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Nasdaq Beware - Nasdaq 55 Dma (Chart 1)

 
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