Following the breakdown of the 60-minute uptrend line, which was then followed by the typical & expected volatility surrounding the FOMC rate-cut announcement last week, /NQ (Nasdaq 100 futures) as well as QQQ (Nasdaq 100 ETF) have continued to backtest the uptrend line from below with the next sell signal to come on an impulsive rejection following a backtest along with a break below this minor uptrend line/post-FOMC wedge. Previous (Sept 17th) & updated /NQ 60-minute charts, with price targets denoted at the arrow breaks, below.
NQ 60m Sept 17th
NQ 60m Sept 23rd
60-minute chart of QQQ with price targets, for ETF traders, below.
QQQ 60m Sept 23rd