On the NQ around 21,638, I’d estimate roughly:
Rally up through 22,248 first ~60%
Slide down through 21,024 first ~40%
Why?
Up-trend bias: Since the April low (≈16,000), the market has been in a strong rally, clearing multiple interim highs.
Resistance vs. support: 22,248 has capped rallies twice (Jan & Feb), so a break would be bullish but not guaranteed. Meanwhile 21,024 flipped to support in late May.
Momentum: The recent pullback from 22,000 was shallow, and daily MACD/RSI remain in bullish territory, suggesting a higher chance to retest the upper line before failing.
Rally up through 22,248 first ~60%
Slide down through 21,024 first ~40%
Why?
Up-trend bias: Since the April low (≈16,000), the market has been in a strong rally, clearing multiple interim highs.
Resistance vs. support: 22,248 has capped rallies twice (Jan & Feb), so a break would be bullish but not guaranteed. Meanwhile 21,024 flipped to support in late May.
Momentum: The recent pullback from 22,000 was shallow, and daily MACD/RSI remain in bullish territory, suggesting a higher chance to retest the upper line before failing.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.