NAS100USD LONGI observe a bullish divergence on NAS100USD chart and expect a rise up to 11400-11450 band. After testing this trend resistance, shorting can be considered.
MNQ1!
$MNQ_F 3-Press Top Deep Dip For SellersPrice is beginning to show consolidation and range mentality. This could be a significant low reversal area in the bigger scope, but in the nearer term there is potential for a short push back. Normally, I would be looking for a move back to lows and potentially further but with the strength of the double bottom, I don't want to get caught getting stuck at the lows of a reversal which narrows in the targets for now.
$MNQ_F 3-Press Wedge Top Into ResistanceThe #MNQ1! has had a phenomenal wedge formation that broke higher. Now that prices are migrating towards the top of resistance, structural interest begins to take hold showing areas for sellers to potentially initiate new shorts to drive the market down. The daily is bullish, but the faster timeframes haven't shifted just yet suggesting this pop may be a trap for now.
