/NQ (Nasdaq 100 futures, as well as QQQ) are starting the day right where we started yesterday with another objective short entry with QQQ & /NQ at resistance with negative divergences on the 60-minute time frames. 60-minute chart below.

NQ 60m Jan 27th

NQ 60m Jan 27th

Zooming out to the daily time frame, QQQ is still trading at the primary (BOD) downtrend line & bottom of the ‘most likely’ bounce target zone from the Oct lows, offering another objective time to start scaling into swing shorts as it back in Nov-Dec before the ~13% drop, with objective add-ons up to but not above the top of that initial bounce target zone. Of course, I’m just highlighting what appears to be objective levels for swing/trend traders to scale back into short positions while my personal preference, as recently stated, remains to wait until after AAPL, AMZN, & GOOGL report earnings next Thursday to see if the market gives us some better visibility as to where it wants to go from there.

QQQ daily Jan 27th

QQQ daily Jan 27th