Yes, I think there’s a good chance it will. Basically, a reversal (sell /NQ or QQQ long & reverse to a short position) here at that price target/resistance with a stop somewhat above (just out of range of the stop-raids) with a BTC limit order on the short just above that trendline seems objective IMO.

Maybe but not without a reaction here at this target first (most likely) and then, it will most likely take a nice post-earnings rally in TSLA to get /NQ & QQQ there. While that is certainly possible, it isn’t worth the gamble to hold TSLA, /NQ, and/or QQQ into TSLA earnings tonight.

Translation, I’d probably be shooting for that upper trendline after covering & reversing the /NQ that I just closed long & reversed to short (i.e.- back to long again after a pullback off this target for another leg up to that upper-most downtrend line) but there probably won’t be enough time on the clock before the market closes today & TSLA reports after the close.

My preference is to go home flat or light the indexes & wait to see what happens with TSLA after they report before deciding if, how (long or short), & when to re-engage the $NDX.