Looking for a bull trap on NASDAQ/NDX/QQQ futures

Pretty simple conceptually. First is the fundamental charting on the Nasdaq futures. Without a doubt the blue support line did its job very well until if failed in spectacular manner. Basic charting will have analysts looking for this trendline to act as resistance. We have a lot of global instability between sanctions, rising interest rates, gold and silver completing decades longs bullish patterns that could be triggering all times high very shorty. Talks about quantitative tightening are happening again.

Comparing and contrasting the bearish case is the bullish case, and that is the fact that price has caught the lower limit of the gaussian channel and appears to be finding support there. Without a doubt, people looking for long term bounces have ben justified in buying the guassian channel midline or lower limit for a long time. So the question is what will matter more, the global financial situation or buyer absolutely commuted to BTFD?

I have rotated out of the normal equities market and into those tied to commodities. I think that is a safe bet based on this draw of the Silver/NDX

Comment:

It seems the bull trap is in and we didn't even reach my target zone. Pretty bearish at this point.