The break of this recently highlighted minor trendline on /NQ (Nasdaq 100 futures) was the catalyst for the sharp drop down to the primary uptrend line with the typical reaction on the initial tag of it so far & the next sell signal to come on a solid break and/or 60-minute close below. Near-term price targets remain and & all marked levels on the 60-minute chart below.
NQ 60m July 8th
With /NQ breaking down below the minor trendline in the early hours today, QQQ gapped down below the minor trendline at the open with a reaction off the primary trendline so far since tagging it shortly after the open. The next sell signal will come on a solid break and/or 60-minute close below it with potential targets at the marked support levels below.
QQQ 60m July 8th