ImSooCool

ES1! (S&P 500 Futures) and NQ1! (Nasdaq Futures) Ascending Wedge

Short
CME_MINI:ES1!   S&P 500 E-mini Futures
Both the indices showing the Ascending Wedge Pattern. I would like to see the break of support around 11266.75 for NQ and 3700.00 for S&P to short but ideal entry would be on the break of the pattern + re-test of the support trendline.

Targets for NQ1! -

11228.50
11165.50
111068.75

Targets for ES1! -

3700.00
3661.50
3642.00

NOTE: This pattern is forming right before OPEX (17 June 2022) / Quad Witching. Maybe this market pushes up before the volatility comes in and OPEX plays out where a decline in stocks is observed around the end of the day.

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