The /NQ & /ES (Nasdaq 100 and S&P 500) E-mini futures have now fallen to the recently highlighted 60-minute uptrend lines. I still favor a breakdown below those trendlines although the odds are good for a reaction on this first tag from above since Tuesday.
While it is hard to gauge just how far any bounce may go, if/when both of those trendlines give way my initial price targets would be 2783 & then 2751 on /ES and 7061 & 6995.50 on /NQ. The previous (Tuesday’s) & updated 60-minute minute charts below:
click on first chart to expand, then click on right of each chart to advance to the next image. Once expanded, charts can be zoomed & panned for additional detail.