/NQ (Nasdaq 100 futures) or QQQ (ETF) offers an objective short entry for active traders here at resistance and/or on a break below this 5-minute bearish rising wedge pattern on this divergent high for a quick pullback trade (as well as an objective short entry or add-on for swing traders looking to short rallies into resistance).
NQ 5m April 11th
QQQ 5m April 11th
Stops inline with one’s preferred price target(s). Potential active trader pullback targets shown at arrow breaks on the 5-minute charts above, next swing trade targets* remain (still pending a break below 433) on the QQQ daily chart.
QQQ daily April 11th
*The previous swing short trend entered the day after the FOMC meeting off the highs on March 21st already hit the sole swing target (bottom of the trading range and 18058 support/bottom of range on /NQ) in the pre-market session on April 4th although this could be viewed as the same longer-term swing/trend active trade as well, depending on one’s trading plan.