$MNQ_F 3-Press Wedge Top Into Resistance

Short

Micro E-mini Nasdaq-100 Index Futures (CME_MINI:MNQ1!)

CME_MINI:MNQ1! Micro E-mini Nasdaq-100 Index Futures

trendanalysis chartpattern beyondta mnq micro nasdaq1! nasdaq nq1! mnq1!

The #MNQ1! has had a phenomenal wedge formation that broke higher. Now that prices are migrating towards the top of resistance, structural interest begins to take hold showing areas for sellers to potentially initiate new shorts to drive the market down. The daily is bullish, but the faster timeframes haven't shifted just yet suggesting this pop may be a trap for now.

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