MNQ – Spazdaq bleeds greenMicro E-mini Nasdaq-100 Index FuturesCME_MINI:MNQ1!WillNixTradingMarket: Micro E-mini Nasdaq-100 Futures (MNQ) Bias: Bearish Timeframes: Intraday (15m/30m) with Daily context Thesis Price Made a Double Top when it reached within 25% of the November Highs. After a Bounce around 23,908 Price attempted to re-enter the higher-timeframe uptrend but failed at key dynamic resistance, followed by impulsive downside confirmation. The rejection confirms lower-high continuation risk. What I’m Seeing Failed re-entry into the long-term trend channel on the daily Double-top structure confirmed with rejection from upper fib zone Intraday breakdown after a weak bounce (no sustained VWAP reclaim) Bearish price action: shallow pullbacks, compressed structure, seller control. Measured fib extensions lining up with logical downside targets Key Levels Bearish Invalidation if we Reclaim: 0D SMA with a daily close. 21D EMA with a daily close. 50D EMA with a daily close. The Trade: Short. Downside Targets: Target 1: ~24,888 Target 2: ~24,643 Extended: ~24,300 - 24,360 (Gap Fill) Double Top Confirmed Targets: Re - Enter Short upon action below 23,908.75 Execution: Entry Scaled. Hoping for bullish pullback into the NFP reports tomorrow morning. SL: ~25,320. Final Notes This is a context-driven idea, not a signal. I’m watching price behavior around resistance, not predicting direction. Let price confirm. If this breaks down cleanly, downside opens fast. #MNQ #NASDAQ #Futures #PriceAction #DoubleTop #TrendFailure #IntradayTrading