A solid move back below the 13074 former resistance, now support would mean a failed breakout /bull trap for /NQ (Nasdaq 100 futures) & with the divergences continuing to build, the ensuing correction is likely to be substantial. 60-minute chart below.
NQ 60m April 3rd
QQQ is currently poised to gap below the 60-minute uptrend line at the open today, triggering a sell signal on QQQ with the next sell signal/objective short entry to come on a solid break back below the key 313.60ish former resistance, now support level.
QQQ 60m April 3rd
Negative divergences continue to build on the more significant daily chart of QQQ with the divergences to be ‘confirmed’ via a bearish crossover on the PPO below the previous high.
QQQ daily April 3rd