Do or Die for the bull or bear case: Bulls need to step in a rally/close /NQ solidly back above 18050 and keep the current bullish divergences intact while the bears need to see the opposite (solid hold/close below 18000 & burn-thru (take out) the divergences. 60-minute chart of /NQ (Nasdaq 100 futures) below. QQQ basically the same with 433 being the comparable key support/bottom of trading range.
NQ 60m 2 April 15th
You already know my thoughts on which way this goes but as always, the charts are dynamic (constantly changing) & as such, so is my analysis. As I like to say, a breakdown is a breakdown (which this is) until & unless it fails. As such, this is that major sell signal that I’ve been waiting for & expecting for weeks now and as long as it sticks (and gets built upon), the odds that my deeper pullback targets, including the 200-day moving averages, will be hit have increased substantially at this time.