NQ setting up for a massive leg

Sep 2, 2024

Medium term it's in a large pennant that is reaching the apex, and short term its in a bull flag that is near its apex.

We are now looking at a large leg coming up in the next 2 weeks.

Watching 2 important levels, 19040 and 20058.
If we clear 20058 I would see this as a bullish leg that is going to target ATH and higher towards the black line i have here which is the longer term megaphone we are trading in.

If the flag fails and we breakdown below 19040 I would be short for a flush to the August lows.

Sep 8, 2024

Trade active

Pennant has broken down to downside on the 19000 breach and has traded nearly 1000 handles lower now at 18300's.

For a bottom to be in, we need to clear a major resistance. For now price is searching for a low and it is currently at the bounce spot from where we bounced in August.

If we break 18223 to the downside i am looking for a test of recent low near 17351.