/NQ went on to put in that marginal & divergent high yesterday, providing an objective short entry & is coming up on the pullback target (11655ish + uptrend line support) where a tradable bounce is likely (cover short & reverse to a long for a quick bounce trade). Bounce target TBD although I’m looking at a quick 1½-2% bounce & then out by the end of the day before TSLA reports after the close. Remember, best to cover a short slightly above the actual support level where a pullback is likely, in case the buyers step in early. Previous (yesterday’s) and updated 60-minute charts below.
NQ 60m Jan 24th
NQ 60m Jan 25th