NQ1! - Weekly Market Update, 5/31/22

Nasdaq futures trigger a buying opportunity based upon a weekly settlement above a resistance structure. However, the trend remains bearish, and the potential risk well outweighs the reward opportunity at this point in time. I do not see any actionable ideas on this market at this time. For shorter termed traders, we are in the midst of a buy signal with resistance not too far off - perhaps there could be some short-term gains to be had on much smaller timeframes.