NQ — 2nd Largest Monthly Candle Ever. Is This Healthy?US Tech 100CAPITALCOM:NAS100Yankee_algoNQ just printed its second largest monthly candle in history. Back to back massive green months while the broader economy is sending concerning signals. The rally is being driven by AI optimism, Fed rate cut expectations and mega-cap tech earnings. Since April there have been only 8 red days — that kind of momentum is historically unsustainable. Meanwhile the macro picture tells a different story. Manufacturing costs at their highest since mid-2022, housing disappointing, rate cut expectations being pared back. The fundamentals don't justify two of the largest monthly candles ever printed back to back. From a pure HTF perspective — two historically large monthly candles with no retracement is textbook exhaustion behaviour. The bigger the expansion, the deeper the eventual correction. I'm not calling an immediate top (potentially soon tho). But I am watching the monthly FVG at 24,685 — approximately 20% below current price — as the natural retracement target if distribution begins at these levels. A move there would be healthy, expected, and would set up the next major HTF long opportunity. Bias: Watching for distribution and retracement Key level: Monthly FVG 24,685 Potential move: ~20% retracement from current highs Invalidation: Monthly close and expansion above 32,000+ Not financial advice — just my analysis.