ES1! (S&P 500 Futures) and NQ1! (Nasdaq Futures) Ascending Wedge
Both the indices showing the Ascending Wedge Pattern. I would like to see the break of support around 11266.75 for NQ and 3700.00 for S&P to short but ideal entry would be on the break of the pattern + re-test of the support trendline.
Targets for NQ1! -
11228.50
11165.50
111068.75
Targets for ES1! -
3700.00
3661.50
3642.00
NOTE: This pattern is forming right before OPEX (17 June 2022) / Quad Witching. Maybe this market pushes up before the volatility comes in and OPEX plays out where a decline in stocks is observed around the end of the day.
Targets for NQ1! -
11228.50
11165.50
111068.75
Targets for ES1! -
3700.00
3661.50
3642.00
NOTE: This pattern is forming right before OPEX (17 June 2022) / Quad Witching. Maybe this market pushes up before the volatility comes in and OPEX plays out where a decline in stocks is observed around the end of the day.