Keep in mind these are extreme “micro-calls” so whether they pan out or not, they would only be useful to active traders as quick day trading opps but swing traders might just focus on whether the indexes can impulsively break out & continue to rally above these 60-minute downtrend lines (near-term bullish) or if they are rejected along with my short-term pullback targets (support levels) taken out with conviction (bearish).
/ES (S&P 500 futures) is just shy of the downtrend line + 2997 R level & I favor a slight bump up to kiss those intersecting R levels followed by a pullback to the 2980 S followed by at least a minor bounce.
ES 60m Sept 26th
/NQ (Nasdaq 100 futures) is currently at downtrend line resistance so we either pullback (favored) or breakout after the market opens today.
NQ 60m Sept 26th
/RTY (Small-cap futures) has poked above the downtrend line & is backtesting now with either a rally or sell-off (i.e.-failed breakout) after the market opens today.
RTY 60m Sept 26th