My last look at the NQ contract Daily Chart was for the June11 contract. We’ve rolled over to trading the NQ Sept11 futures contract.
There’s a pretty steep trendline down on the dayly. The NQ has retested the bottom, and should now head up to retrace 50% of the move I’d guess. Monday 062711 put in a nice long power bar to the upside, which should follow through up to 2300. My bias is long for now. It’s got to continue with higher low candles at least a couple days.