/NQ reaction (pullback) off yesterday’s hit of downtrend line (check) followed by another thrust up to test the trendline again with price resistance just above: Near-term bullish if /NQ clearly takes out both; bearish if unable to do so. 120-minute chart below.
NQ 120m Jan 17th
Following yesterday’s (expected) pullback off the uptrend line, /ES powered back up & is starting to crack above it. Potential targets, should the breakout stick AND /NQ also makes a solid/sustained breakout above its comparable trendline, on the 60-minute chart below.
ES 60m Jan 17th