18729 resistance/bounce target hit. Booking profits on the longs of T5 from today’s lows & reversing back to short here up adding to but not above the downtrend line (and/or on a break below today’s lows). 5-minute chart below. Solid arrows primary scenario, dotted arrows alternative scenario but I’m really close to 50/50 on whether or not /NQ will continue up to that downtrend line. See today’s earlier video for additional charts & commentary regarding the short-term active trades on /NQ or QQQ vs. the more typical swing & trend trade.
NQ 5m 2 May 30th