The bear trap scenario laid out in the recent videos from yesterday & earlier today is potentially in place with impulsive (so far) recovery back above the key 6950ish level on /NQ (Nasdaq 100 futures). Once again, I will caution that the odds for whipsaws in this extremely volatile trading remain high. So far, the breakdown below that key support proved to be whipsaw as could this impulsive snap back above that 6950ish support/resistance level. How or if you trade this is up to you. Just passing it along for those interested. Updated 60-minute chart below.
NQ 60m 3 March 18th