Coiling for a Breakout in NQ
We’re seeing weakness across the board during pre-market trading this morning, especially after the bulls were unable to convert the 1686 level in E-Mini S&P 500 futures, and the 3060 level in the E-Mini NASDAQ 100 futures. Rejections at these levels have sent the market lower this morning, but there are key support zones down below that the bears are gunning for, which the bears have defended during the recent advance.