/NQ (Nasdaq 100 futures) is good for a quick 2% gain (about $6,500/contract) from where it posted as a short entry earlier today. Active traders might opt to cover the short & reverse to long here just below the 16133ish support (allowing for a brief momentum-fueled overshoot) to game a quick bounce & then back short again while typical swing & trend traders might opt to sit tight as today’s impulsive rejection off the 15425ish resistance level (at least the 8th rejection over the past 6 weeks) helps to further validate that as a significant resistance level. Previous & updated 60-minute charts below.
NQ 60m Dec 16th
NQ 60m 2 Dec 16th