The NQ E-mini NASDAQ 100 Futures daily chart shows pronounced downside momentum, with large bars and fast momentum confirming strong selling pressure. Both the weekly and monthly session fib grids (WSFG and MSFG) are trending down, with price trading well below their respective NTZ/F0% levels, reinforcing a bearish short- and intermediate-term outlook. Swing pivot analysis aligns with this, as both short-term and intermediate-term trends are down, and the most recent pivot is a new swing low at 24176.25. Resistance levels are stacked well above current price, while support is spaced out below, suggesting the market is probing for a base. All benchmark moving averages from short to long term are in downtrends, with price currently below or at the 200-day MA, highlighting broad-based weakness. The ATR is elevated, indicating increased volatility, and volume metrics are robust, reflecting active participation during this selloff phase. Recent trade signals show a mix of short and long entries, but the prevailing technical structure favors the downside in the short and intermediate term. The long-term trend remains neutral as the yearly fib grid is still up, but this could shift if the current weakness persists. Overall, the market is in a corrective or potentially transitional phase, with sellers in control and no clear signs of reversal yet. The environment is characterized by volatility, possible oversold conditions, and the potential for further downside or a sharp counter-trend bounce if support levels are tested and hold.