NDX - How Will It React to Latest Earnings?

Oct 31

The quarterly figures from META and Microsoft were met with a mixed reception, and the NASDAQ fell accordingly in the after-hours trading. We are nevertheless positive for the NDX, which does not open until 09:30 ET, due to a very pronounced hidden bullish divergence in the OBV. We expect an initial sell-off into the entry zone and then a run-up to today's highs.