JoshuaMartinez

NQ hitting daily downtrend line

Short
CME_MINI:NQ1!   NASDAQ 100 E-mini Futures
The NQ daily time frame is in a down channel . The
market hit the top of the channel and is now
making lower lows and lower highs pushing
towards the bottom of the channel. The market
has a down Fibonacci with an extension price point
9595.25 about -6,966 ticks below the market. As
long as the market stays below the down trend
line. It will be a good idea to turn to the one hour
time frame and to look for high prices in the sell
zone.
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