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jaredferrari
Apr 22, 2021 4:18 AM

NQ Trade Idea- Short Short

E-mini Nasdaq-100 FuturesCME

Description

At first glance, my initial thoughts tell me the bulls are losing steam. We previously made new highs, pulled back, and pushed up again only to make a slightly higher high while putting in bearish divergence. Had a sell off this past week breaking multiple support levels and now we're retesting resistance, which was also previous all time highs this past February. Waiting for a clear lower high to form on the 1hr time frame to look to go short.
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