Magnelibra Trading & Research

Magnelibra Trading & Research

Magnelibra Subscriber Data Update 4/1/26

Data and Technical Charts, MEGA9s support proves its worth

Mike Agne's avatar
Mike Agne
Apr 02, 2026
∙ Paid

Ok guys, lets go back and look at the opening post from our Monday letter:

Lets look real quick at the MEGA9s Market Cap total chart, this will probably bring in some technical buyers and hold us, but as always the war takes precedent, so tread cautiously:

Well here is what a $1.1 Trillion market cap bounce looks like:

Nothing more than technical buying here and no this doesn’t change the overall cyclical down shift! The 21 period weekly MA has been an excellent magnet and sell side entry point (magenta line) and with the 200p WMA above the 50p, well that says a lot about the technical nature of this market.

Let’s see where the QQQ can settle this week out at as its trading above our weekly resistance right now at 581. 596 should be the target close to get above for the bulls, but a close below 581 should keep the bearish tone overall in play:

Another chart we are watching closely is the U.S. Govt 10Y yield chart, the spike out of the triangle wedge and this weeks move sets up a battle for the pivot point at 4.23%:

As far as the Nasdaq futures the hurdle this week for bulls is 24250 and the bears will want to keep things below 23950:

Ok now onto the subscriber only data, please think about supporting our work by subscribing or sharing across your social media platforms, we greatly appreciate it.

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