#202613 - priceactiontds - weekly update - nasdaq e-miniMicro E-mini Nasdaq-100 Index FuturesCME_MINI:MNQ1!priceactiontdsGood Evening and I hope you are well. comment: Neutral. Same as dax. I doubt W3 here goes much further than 23000. I have a measured move target here and it’s also a possible decent looking channel. My plan from weeks ago was W5 to around 21000 and I still think it’s valid. If we flush early on Monday, I expect a big bounce. Headlines will continue to dictate this. Any reasonable ceasefire/talks headline will likely make most bears cover. current market cycle: trading range on the monthly chart - bear trend on the daily chart key levels for next week: 22800 - 24800 bull case: Bulls want to print a bottom and bounce. W3 targets are met and many bulls will scale in, thinking we will print 24000 again for sure. I doubt we will go much above 24400 unless we get a ceasefire. Many bulls will buy any new low just in case we got more rumours where bears cover. Technically many bulls can also see the channel as I have drawn it and the measured move target from W1 is 23000. So close is always close enough. Invalidation is below 22800 bear case: Bears want to print 23000 and probably a bit more to grab the liquidity below. I doubt they will fight for much lower though. Market is also at the monthly 20ema so we have multiple reasons for bears to take profits and for bulls to begin scaling in. Oil has also not advanced above 100$ besides Sunday night spikes. Bears want to keep it below 24800 otherwise W4 would go too high and that would be really bad for the bear trend. Invalidation is above 24800/25000 short term: Can not become bearish down here. Sure we can dip below 23000 but I would only look for longs here. I will only trade my drawn channel. medium-long term - Update from 2026-03-15: Same as dax. 50% retracement is the next big target which is 22000. I expect it to get hit over the next weeks.