#NQ100: SELL 21300, SL 21500, TP 19500 | 02 June 2025
02 June 2025, #NQ100
The index did manage to break upward and update the local high. This move appears impulsive and is most likely part of wave C in a zigzag formation. Immediately after the breakout, selling pressure increased and pushed the index back down, completely negating the earlier rise. Now the momentum has shifted to the bears. It is expected that the price will soon resume a downward move and follow the previously suggested scenario of a contracting horizontal triangle, with wave (C) currently unfolding. Therefore, it is once again recommended to consider opening short positions. Investment idea: SELL 21300, SL 21500, TP 19500.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
