Public Chart: $NQ Structure and Target

Aside from a handful of Twitter posts, I have not published a public chart in a while, and so I thought I would here.

I do not like the structure that has developed on the Nasdaq 100 futures. There is a reasonable chance that it has formed a large head and shoulders continuation pattern and I suspect the structure may fail. The “right shoulder” has a diverging high (RSI) as we speak (this can be broken with a strong continuation of the rally, but I am skeptical of that).

If this does fail, I have noted the target on the chart.

NQ


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