$NQ_F / $QQQ - Back At Base Support.

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$NQ_F / $QQQ - Back At Base Support.E-mini Nasdaq-100 FuturesCME_MINI:NQ1!Barkworth$NQ_F / QQQ - Back At Base Support. Yesterday’s breakout setup didn’t trigger. Price just faded back to support while pretty much every other sector broke down. The AI trade is far from dead, but if tech is the head of the market, oil prices and yields are the neck, and if the neck doesn’t want it, the head can’t move. Today price is back at support, and with two solid lower highs it is time to consider that this base contraction may be looking to break down instead. Like yesterday, the daily EMA9 is key, where an hourly failed breakout would initiate the short. A failed breakdown at support initiates new longs. Levels and plan in today’s newsletter.