Breakdown & backtest of the minor uptrend line on /NQ (Nasdaq 100 futures) which was highlighted yesterday, thereby offering an objective short entry with stops commensurate with one’s price target(s). Previous & updated 60-minute charts below.
NQ 60m Feb 4th
NQ 60m Feb 5th
QQQ 60-minute chart for reference below.
QQQ 60m Feb 5th
/ES (S&P 500 futures) also broke down below its comparable near-term uptrend line with a kickback rally that has taken it to just shy of a backtest and/or the 6070ish resistance level just above.
ES 60m Feb 5th