NQ has the same as ES setup
Currently at the support zone, a long can be taken with a tight stop
Needs to test the bull trendline imo before any significant bounce.
For now its quite far way to test though.
NQ should be leading in big 4, so must watch on the decline we get next week.
Main resistance is the previous high into the resistance box, it has not to even get tested for lower lows to be seen.
If tested and taken, all the NQ downside targets like 8.5-9k will off the table, at least for the short term.
Must continue lower and test the first box of the support, if the bounce will be short lived and weak, expect more weakness into the main support zone and the uptrend channel test
Needs to test the bull trendline imo before any significant bounce.
For now its quite far way to test though.
NQ should be leading in big 4, so must watch on the decline we get next week.
Main resistance is the previous high into the resistance box, it has not to even get tested for lower lows to be seen.
If tested and taken, all the NQ downside targets like 8.5-9k will off the table, at least for the short term.
Must continue lower and test the first box of the support, if the bounce will be short lived and weak, expect more weakness into the main support zone and the uptrend channel test
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