NQ is coiling in a rising wedge just under 30,000 after reclaiming the August 5 low near 27,215 with a sharp multi-day bounce. Price is now pressing against the top of a consolidation range.
Trade Setup
Bias: Long Entry: Close above 30,074 Stop: 29,600 Target: 31,000
Invalidation
A close back below 29,600 negates the setup and puts the wedge’s rising trendline back in play as resistance, opening the door to a retest of the August range lows.
Futures trading involves substantial risk of loss and is not suitable for all investors. Past performance is not indicative of future results. This analysis is for informational purposes only and does not constitute financial advice.
