$NQ #NQ-mini
21,428 is the 50% retracement of the overnight Monday drop. That 50% retracement fib is now a critical resistance point. This level often plays a pivotal role in a classic continuation pattern called “half-n-go,” a setup favored by traders in the past. Here’s how it works:
- A sharp drop occurs, followed by a strong bounce.
- The bounce retraces 50% of the prior drop, reaching the key Fibonacci level.
- At this point, the rally stalls, bears regain control, and selling pressure accelerates.
If bulls fail to break above the 21,428 level, it could set the stage for an accelerated move lower, potentially driving prices down to the 20,000 mark. This is why the 50% retracement level is so significant—it acts as a battleground where bulls either break out or bears dominate, often leading to a decisive move.

NQ-mini 60 min chart