MNQ Weak After Resistance Rejection — Distribution Risk

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MNQ Weak After Resistance Rejection — Distribution RiskMicro E-mini Nasdaq-100 Index Futures (Mar 2026)CME_MINI:MNQH2026NQScalperCatFollowing a sharp rejection at higher-timeframe resistance, NQ sold off aggressively and is now consolidating. Price has broken below the prior consolidation low and lost its internal support trendline, suggesting distribution rather than accumulation. If weakness persists, price may continue lower into the start of the week, potentially grabbing liquidity before a reaction bounce toward prior supply near 25,820.25. Failure there could open the door for a move toward 25,526.50, with an extension risk to 25,363.75. Higher timeframes remain range-bound since the Oct high and Nov low, keeping rallies suspect until supply is reclaimed. Scenario-based analysis