NQ E-mini NASDAQ 100 Futures Weekly Chart Analysis: 2026-Feb-05 07:14 CT

Price Action

• Last: 24765.75,
• Bars: Medium,
• Mom: Momentum slow.

WSFG Weekly

• Short-Term
• WSFG Current: -102%
• F0%/NTZ' Bias: Price Below,
• WSFG Trend: Down.

MSFG Month Feb

• Intermediate-Term
• MSFG Current: -44%
• F0%/NTZ' Bias: Price Below,
• MSFG Trend: Down.

YSFG Year 2026

• Long-Term
• YSFG Current: -24%
• F0%/NTZ' Bias: Price Below,
• YSFG Trend: Down.

Swing Pivots

• (Short-Term) 1. Pvt. Trend: DTrend,
• (Intermediate-Term) 2. HiLo Trend: D2DTrend,
• 3. Pvt. Evolve: Pvt High 26655.50,
• 4. Pvt. Next: Pvt Low 24625.75,
• 5. Levels R: 26655.50, 26348.00, 25845.00, 25491.50, 25386.50, 25194.25,
• 6. Levels S: 24625.75, 23848.00, 23480.00, 17168.50, 16291.25, 13406.00.

Weekly Benchmarks

• (Intermediate-Term) 5 Week: 25624.25 Down Trend,
• (Intermediate-Term) 10 Week: 25433.25 Down Trend,
• (Long-Term) 20 Week: 24851.50 Down Trend,
• (Long-Term) 55 Week: 23351.74 Up Trend,
• (Long-Term) 100 Week: 22311.75 Up Trend,
• (Long-Term) 200 Week: 19255.44 Up Trend.

Recent Trade Signals

• 04 Feb 2026: Short NQ 03-26 @ 25194.25 Signals.USAR-MSFG
• 03 Feb 2026: Short NQ 03-26 @ 25386.5 Signals.USAR-WSFG
• 03 Feb 2026: Short NQ 03-26 @ 25491.5 Signals.USAR.TR120
• 02 Feb 2026: Short NQ 03-26 @ 25341.5 Signals.USAR.TR720

Overall Rating

• Short-Term: Bearish,
• Intermediate-Term: Bearish,
• Long-Term: Neutral.

Key Insights Summary

The NQ E-mini NASDAQ 100 Futures weekly chart is showing a clear shift in momentum to the downside across both short-term and intermediate-term timeframes. Price is currently below all key Fibonacci grid levels (WSFG, MSFG, YSFG), with each grid indicating a downward trend. The most recent swing pivot structure confirms a developing downtrend, with the last pivot high at 26655.50 and the next anticipated pivot low at 24625.75, which is now being tested as a support level. Multiple resistance levels have formed above, suggesting overhead supply and potential for further retracement if buyers do not step in. Benchmark moving averages for the 5, 10, and 20-week periods are all trending down, reinforcing the bearish bias in the short and intermediate term. However, the longer-term 55, 100, and 200-week moving averages remain in uptrends, indicating that the broader bull market structure is still intact, but under pressure. Recent trade signals have all been to the short side, aligning with the prevailing downtrend. The market appears to be in a corrective phase after a significant rally, with slow momentum and medium-sized bars suggesting a controlled pullback rather than a panic sell-off. Key support at 24625.75 will be critical to watch; a break below could open the door to deeper retracements toward lower support levels. The overall environment is characterized by a transition from bullish to corrective, with the potential for further downside unless strong support emerges.