Micro nasdaq futures traded slightly higher today

Micro Nasdaq futures traded slightly higher today, with the contract hovering around 18,050 as traders eyed tech earnings and Fed policy cues. Market sentiment remains cautiously bullish, supported by stronger-than-expected chip sector revenue data. Analysts project short-term consolidation in the 17,900–18,200 range before a potential breakout if AI stocks sustain momentum. A growth shock, which could result from increased unemployment or disappointments in AI. Secondly, a rate shock, in case the Federal Reserve doesn't implement further rate cuts. Lastly, a new dollar bear, leading to a 10% devaluation of the dollar, could deter foreign investors from the U.S. market. Interactive Brokers (IBKR) provides a cost-effective platform for trading e-mini futures. With direct access to major indices like the S&P 500, Nasdaq 100, Dow Jones, Russell 2000 and their micro counterparts, it caters to traders looking for competitive commissions, a range of tools and extensive market access. Micro Nasdaq futures opened the session with moderate gains, supported by a decline in 10-year Treasury yields. Trading volumes have surged 9% compared with the monthly average, indicating heightened positioning ahead of key tech earnings later in the week.