So far, /NQ (Nasdaq 100 futures) went on to make a breakout & successful backtest of the previously highlighted 60-minute bullish falling wedge pattern. While it’s still anyone’s game (bulls or bears), and at the risk of oversimplifying things, it appears that a break below today’s lows would be bearish while a solid break above the 11708 resistance level would be bullish although, with about 20-minutes left in the regular trading session, we probably won’t see which way the Nasdaq is going to break before the close today so those with a swing position in QQQ might consider that the odds of a sizable gap one way or the other tomorrow are decent. Updated 60-minute chart below.
NQ 60m 2 June 30th