QQQ continues to offer an objective short entry here and/or up to the primary downtrend line & 330 resistance level following Friday’s wedge breakout. 60-minute chart with pre-market trades in white (candles) below.
QQQ 60m Aug 8th
..or, one could wait until the next sell signal on /NQ (Nasdaq 100 futures) which will come on a solid break and/or 60-minute close below this secondary uptrend line.
NQ 60m Aug 8th
For active traders, all overhead lines (price & trendline) on this /NQ 5-min chart are resistance levels with all lines below support/near-term targets.
NQ 5m Aug 8th
IWM (Russell 2000 Small-cap ETF) still offers an objective short entry or add-on following Friday’s breakdown below the 60-minute bearish rising wedge pattern here as it backtest the apex of the wedge from below.
IWM 60m Aug 8th
..while /RTY (R2k futures) offers another objective short entry or add-on here on this backtest the apex of the 60-min bearish rising wedge from below.
RTY 60m Aug 8th