
The NQ E-mini NASDAQ 100 Futures daily chart shows a market in transition. Price action is currently near 25,751, with medium-sized bars and average momentum, indicating neither strong buying nor selling pressure at this moment. The short-term WSFG trend is down, with price below the weekly NTZ, and recent short-term signals have triggered to the downside, suggesting some near-term weakness or consolidation. However, the intermediate-term (monthly) and long-term (yearly) MSFG and YSFG trends remain up, with price above their respective NTZ levels, reflecting underlying bullish structure. Swing pivots show a short-term uptrend but an intermediate-term downtrend, with the most recent pivot high at 25,943.25 and next key support at 25,111.25. Resistance levels are stacked above, with the most significant at 26,655.50. All benchmark moving averages from short to long term are trending up, supporting the broader bullish bias, and price remains above these key averages. ATR and volume metrics indicate moderate volatility and healthy participation. The recent trade signals reflect mixed action: short-term signals have flipped short, while the intermediate-term signal remains long, highlighting a potential short-term pullback within a larger uptrend. Overall, the market is in a corrective or consolidative phase short-term, but the intermediate and long-term structure remains bullish, with higher lows and strong support from moving averages. Swing traders should note the potential for further short-term choppiness before the broader uptrend resumes.