/NQ (Nasdaq 100 futures) has rallied into the downtrend line + 8690 resistance level which ‘should’ be the end of the run, offering an objective short entry here with a stop somewhat above, ideally on a 60-minute candlestick closing basis. Near-term targets/likely reactions at arrow breaks. Previous & updated 60-minute charts below.

/NQ is not an official trade idea, nor is QQQ. Just passing this along for those interested in a potential short trade as well as the fact that a solid break & sustained rally above these dual support levels would be a near-term bullish event, potentially opening the door to a rally up to the next resistance level around 8831. However, I would put around a 70% or better chance of a reversal off this level & pullback to at least the minor uptrend line below with a sell signal to come if & when that trendline is taken out with conviction.