A Few Morning Notes: $ES, $NQ & $RTY

I will make three technical observations, one for each of three U.S. indices.

The S&P has broken below its triangle structure, and seems to be retesting it from beneath (green arrow). If that fails, I would expect us to go much lower over the coming days.


The Nasdaq 100, never actually lost its triangle (green arrow), and so we will have to see if it actually can do that. If the S&P rejects its triangle, the Nasdaq should lose its.


And the Russell, after losing these important prior highs, is back between them. I wouldn’t particularly expect it to stay in here, but we will have to see.


All in all, not much I can say just yet. But I wouldn’t expect this drop to be complete. Eventually I do hope to revisit the June lows.

Note: When articles are first published, most of them are made available only to my Patreon supporters (I do try to publish some public posts on occasion). Over time (usually after a period of a few weeks or so), I make all of the work public. To gain access to my work when it is produced (or to join my Discord chatroom), please consider becoming a patron. Note that there is a 7-day free trial period. More information may be found on my About page and on my Patreon page.

Leave a Reply

Your email address will not be published. Required fields are marked *