NQ / NASDAQ 100 Futures – Bullish & Bearish ScenariosE-mini Nasdaq-100 FuturesCME_MINI:NQ1!SteveGold325NQ is currently sitting between a rising higher-timeframe trendline and a short-term descending trendline from the local top. Market is basically coiling — waiting for a direction. Bullish Case If buyers continue to defend the 24,850–24,950 swing low area and NQ can push back above the 25,580–25,640 zone, that would show the down-move was just a pullback into trendline support. Break and hold above 25,640 opens the door to 25,900–26,000 Strength above 26,000 targets the previous supply zone near 26,200–26,350 Bullish structure stays valid as long as 24,850 holds. Bearish Case If price rejects at the descending trendline again and fails to reclaim 25,580–25,640, sellers are still in control short-term. A breakdown below 24,850 followed by a weak retest would confirm the trendline failure. First downside levels: 24,600, then 24,350 Losing 24,350 starts a deeper correction toward 24,000 Bears only gain real control below 24,850. Bottom Line The market is compressing. The real move comes on the break + retest of either: 25,640 to the upside → continuation long 24,850 to the downside → momentum shifts lower No need to guess direction inside the wedge — react when one side wins.