/NQ (Nasdaq 100 futures) is currently back-testing the minor uptrend line/rising wedge pattern from below, providing another objective add-on or new short entry. The initial & current final swing target for the /NQ short is the uptrend line off Mid-March lows although that is based on this 60-minute chart, see the 15-minute chart at the bottom of the page for the near-term prices targets along the way.
NQ 60m June 6th
Zooming down to the 15-minute time frame of QQQ, this morning’s post-opening drop was only a very slight & very brief dip below S1 so a solid break and/or 60-minute close below that level will still provide an objective add-on or new short entry as well as help to confirm a rejection off this current trendline backtest on /NQ.
QQQ 15m June 6th
This backtest of the 15-minute (minor) uptrend line offers an objective short entry, as will a break below the 14500ish support, with stops commensurate with one’s price target(s).
NQ 15m June 6th