NQ Update 6.22.25E-mini Nasdaq-100 FuturesCME_MINI:NQ1!Stockstradamus_NQ is currently sitting monthly and weekly supply zones. On the weekly chart, price has consolidated upward but has mostly rejected every push into ATHs. Note that there are still two untested highs with volumes of 2.336M and 3.392M sitting above. The last time price touched these points there was a 26.60% drawdown on SPY. Indicating lots of liquidity that could still be tapped before making a big move down, IF price decides to drop from here. In addition to these bearish indicators, price is testing a monthly and weekly downtrend line while creating a head n shoulders pattern. Which could also be signaling a rejection of price. Despite what I am seeing, I will treat price as if it is still bullish until market structure indicates otherwise. On the daily timeframe, price can be seen to be clearing trending into a rising wedge. This chart pattern is known to be a bearish pattern but it can also signal a breakout continuation which is why it is important to wait for confirmation and never assume direction. With price holding and sitting at the uptrend and downtrend on the LTFs, as well as 21,816 being a key area that price seems to be consolidated around. I will wait for price to break consolidation and choose a side before placing any trade on NQ. If you MUST place a trade, do not place a trade until price moves above or below 21,922 and 21,775, respectively.