$NQ #NQ #trading setup
This morning spike up can be the final squiggle of the five wave up rally off the low made in Oct’22:
That is the most bearish scenario where we can get a large (a) down, (b) up, (c) down consolidation in the subwave B down of wave 5 up:
NQ-mini made a high at 17,463 on Friday. There is a short setup when a price spikes up to a higher high but then fills the gap. Therefore, bears need to push NQ under 17,463 to fill the morning gap and trigger a short setup.