$NQ #NQ-mini #Elliott Wave #trading setup
Three weeks ago I warned that NQ would top in the Red Box. So far it looks like it did top in the Red Box:

NQ-mini 120 min chart
NQ-made a top on November 11th and since then has made a lower high. A lover high is a sign that bulls got exhausted.
Last week NQ could make a top of a 18 – 19-week low-high-high-(high) Cycle that timed the mid-July ’24 high.
Bears are sitting on a decent short setup that allows them to push NQ down to the Green box.
This week bulls failed to reclaim the broken weekly support 20,986. That failure triggered a nice sell off today:

The first strong support will be 20,100.