$NQ #breakout setup #triangle
NQ has been accumulating breakout energy in a tight triangle shaped consolidation:

NQ-mini 240 min chart
You do not need to try to front run the market. We can set a breakout level at 25,740. Break over that level would be a very attractive long setup.
let’s look how price has been bouncing between weekly levels.

At this point bulls have to defend the support of the lower trend line around S2 support at 25,332. Then the final line of defense for bulls will be 25,170 level.
Today is the first full trading day of a new month. We always track a trading range created by the price during the first three trading days to use high and low of that range as strong levels of support and resistance for the following four weeks.
Volatility often spikes during these first three sessions as the market expands its monthly range. As a result, strong directional moves that occur on day one, two, or three of the month are frequently retraced—sometimes completely—over the next two to three trading days.