/NQ (Nasdaq 100 E-mini futures) minimum swing target has now been hit with potential (still unconfirmed) bullish divergence forming on the 60-min chart. QQQ is also trading just above the 180ish support level as well where the odds for a reaction are elevated at this time.

While the NDX may very well just slice through these support levels with ease, the R/R for adding new short exposure here is not favorable due to the increased odds of a snapback rally off this support level/zone. I will follow up with some additional commentary & analysis in a new post or in the comment section below this post after I study the charts further to see if I can get a better read on whether or now the NDX will likely bounce off these levels or continue lower but for now, I wanted to point out these developments as this would be a good time to lower stops to protect profits on an /NQ or QQQ short trade.