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MarkLangley
May 17, 2023 5:02 AM

NQ topping ? asecending triangle  

E-mini Nasdaq-100 FuturesCME

Description

Watching for a possible break lower in the NQ, WHY?
Ascending triangle (bearish)
MACD- Active divergence
Wavy Tunnel Oscillator (courtesy of Jody Samuels) hovering at the overbought level since March,
Opex Friday may be the catalyst.
I know the sentiment seems bullish and market-pushing but I follow the technical outlook
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