Nasdaq 100 E-mini Futures short term short.
No Support has been broken. Triangle/Wedge formation. Confluence of support seen with short term trend line (orange), 200 day moving average and long term trend line (red).
Failure to reach the upper channel line and a double top creates possible movement down to lower channel line and the psychological level at 1.6600.
Is the 1220 level going to be strong resistance for the Index?
Support from lower trend line and 200 day Moving Average.
Possible end to the re-tracement in the USDJPY. Back towards 100.00 and above.
Failure at this level again? The inclining trend line which started in March and was broken in May has now become resistance.