NQ Targets (03-02-26)

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NQ Targets (03-02-26)E-mini Nasdaq-100 FuturesCME_MINI:NQ1!MAZingMany times the signal of a significant drop will show when the market goes lower on good news. NVDA did have a good report, this was followed up with selling and a drop in the NAZ. Couple possible moves inside the CZ with a potential retest of recent low. This may provide a bounce (white arrow). The NDX daily chart will show that the NAZ is 29 days under the long term TL, 2nd longest since prior 43 day drop that was U Turn with a "Time to Buy" Tweet that created a 12% 10 minute move. NDX Chart: Keep in mind that the new O/N limit down is now -7% and we did have one that was close but U Turn back up prior to the Open the next Reg Session. Current lower drop test is -5 to -10% from current level. Just not seeing the strength to the upside recently.