/NQ (Nasdaq 100 futures contract) continues to test the intersecting downtrend line & 15533 key resistance levels (yellow lines) following the late July divergent high: Bearish as long as it remains below while a solid break above both levels will increase the odds of my ‘marginal new high’ alternative scenario. 120-minute chart below.
NQ 120m Sept 5th
Likewise, /ES (S&P 500 futures) remains just below the key uptrend line & 4555ish price resistance levels (yellow lines) following the late July divergent high: Bearish as long as it remains below while a solid break above both levels will increase the odds of my ‘marginal new high’ alternative scenario. 120-minute chart below.
ES 120m Sept 5th