Good morning, traders. In today’s briefing, we highlight notable technical support and resistance levels across major index futures, commodities, Bitcoin, and the Magnificent 7 stocks. These levels are derived from recent price structure, moving averages, prior highs/lows, as well as indicators like volume profile, VWAP and others. The levels below are derived from all available information at the time of this publication.
Yesterday’s News
Synopsis of what happened in the market yesterday in paragraph form.
Today’s Calendar
9:30 AM EIA Gasoline, Distillate, and Crude Cushing Inventories
12:05 PM FED’s Daly Speaks
1:00 PM FOMC Meeting Minutes
Index Futures
E-mini Nasdaq-100 (NQ) The NQ has shown strong pre-market momentum, trading near 25,150 with a notable gap higher.
Following a massive move on Tuesday’s RTH off of the lows sub-24000 for the June NQ Contract, we saw continued buying into the extended trading hours session. This buying was then pushed further in the overnight session by news of a US/Iran Ceasefire via President Trump on social media. It was also revealed that the Straight of Hormuz would be open during the ceasefire. The oversized move resulting from this news has pushed the Nasdaq into levels we haven’t seen in many trading days. During the overnight session the move higher rarely ran out of steam trended higher the majority of the overnight session.
NQ Technical Levels – April 8, 2026
| Category | Level | Notes |
|---|---|---|
| Current Pre-Market | ~25,180 – 25,225 | Strong gap higher |
| Resistance | 25,200 – 25,300 | Recent pivot zone |
| Major Resistance | 25,500+ | Psychological / extension |
| Support | 24,800 – 25,000 | Near-term support |
| Deeper Support | 24,300 – 24,500 | Stronger support zone |
| Asia High | 25,155 | Overnight high |
| London High | 25,242 | Session high |
| Yesterday VAH | 24,326 | Value Area High |
| Yesterday VAL | 24,068 | Value Area Low |
| Yesterday POC | 24,214 | Point of Control |
| Yesterday RTH High | 24,383 | Regular Trading Hours High |
| Yesterday RTH Low | 23,942 | Regular Trading Hours Low |
Assuming things don’t change between now in the open, we’re going to be looking at market that’s up around 1000 points with no gaps between sessions that haven’t been filled.
E-mini S&P 500 (ES) ES futures are pointing to an open above 6,800.
ES Technical Levels – April 8, 2026
| Category | Level | Notes |
|---|---|---|
| Current Pre-Market | ~6,830 – 6,840 | Strong gap higher (~+2.65%) |
| Resistance | 6850 – 6900 | Previous Resistance |
| Major Resistance | 7000 | Psychological Level |
| Support | 6700 – 6750 | Previous Support Level |
| Deeper Support | 6600 – 6650 | Previous Support Level |
| Asia High | 6837 | Overnight High |
| London High | 6847 | Session High |
| Yesterday VAH | 6633 | Value Area High |
| Yesterday VAL | 6589 | Value Area Low |
| Yesterday POC | 6625 | Point of Control |
| Yesterday RTH High | 6659 | Regular Trading Hours High |
| Yesterday RTH Low | 6572 | Regular Trading Hours Low |
E-mini Dow (YM) Dow futures are up significantly in pre-market, hovering near 47,800–47,900. Watch these levels:
- Resistance: 48,000 – 48,200
- Support: 47,500
- Deeper support: 47,000 – 47,200
Commodities
Crude Oil (CL) Oil has been volatile amid geopolitical developments. Current structure shows:
- Resistance: Recent highs near $65–$66 (depending on exact contract)
- Support: $60 – $62 zone
- Deeper support: $58 area
Gold (GC) Gold futures surged overnight, trading well above $4,800 (April contract around 4,830 area after a +3%+ move). Key technical levels:
- Immediate resistance: $4,850 – $4,900
- Stronger resistance: $5,000 psychological
- Support: $4,700 – $4,750 (prior flip zone)
- Deeper support: $4,600 – $4,650
Cryptocurrency
Bitcoin (BTC) Bitcoin is trading in the $68,000–$72,000 range recently, with overnight strength pushing toward the upper end. Notable levels include:
- Resistance: $72,000 – $74,000 (multiple prior rejection zones)
- Stronger overhead: $75,000+
- Support: $68,000 – $69,000
- Critical support: $65,000 – $66,000 (frequently tested area)
- Deeper support: $62,000 – $63,000
Magnificent 7 Stocks – Key Levels
Here are highlighted support and resistance zones for the Mag 7 based on recent trading ranges:
- NVIDIA (NVDA): Resistance near $180–$190; Support around $170–$175 and deeper at $160.
- Apple (AAPL): Trading near $250–$265; Resistance $270–$280; Support $240–$250.
- Microsoft (MSFT): Near $390–$400 zone after pressure; Resistance $410–$420; Support $380 and $360–$370.
- Amazon (AMZN): Around $210; Resistance $220–$230; Support $200–$205.
- Alphabet (GOOGL): Near $300–$310; Resistance $320–$330; Support $290–$300.
- Meta Platforms (META): Near $640–$650; Resistance $670–$700; Support $620–$630.
- Tesla (TSLA): Around $400; Resistance $420–$440; Support $380–$390 and deeper $350–$360.
These levels represent areas of prior congestion, psychological round numbers, or recent swing points. Price action around them may influence intraday or short-term behavior.
Markets are opening with notable strength in equity futures and gold. As always, monitor volume, order flow, and any news developments that could shift these technical structures.
This briefing is for informational purposes only and does not constitute trading or financial advice or recommendations to buy and sell stocks, futures, or cryptocurrency.
