The 5-minute charts of /NQ (Nasdaq 100 futures) and /ES (S&P 500 futures) show nearby support & resistance levels, along with potential objective entries & price targets (arrow breaks), for active traders. However, with just over an hour left in the regular trading session, should these short-term trade ideas play out, the deeper targets will most likely have to wait until at least Sunday evening when the futures resume trading. (Remember, the markets are closed Monday for Labor Day).
/NQ offers an objective short entry on this push back to the 18930 resistance with negative divergence and/or on a break below the uptrend line & 18877 support just below.
NQ 5m May 24th
The backtest of recent trading range (now resistance) on /ES from below with (almost/close enough) negative divergences.
ES 5m May 24th
ETF traders (SPY, QQQ, etc…) should keep in mind that any positions taken today will entail 4 days (Fri, Sat, Sun, Mon) of overnight risk vs. the usual 3 days heading into a weekend with the stock market closed on Monday for the Memorial Day holiday.