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 the most recent weekly bars reflecting medium size and slow momentum, indicating a controlled but persistent move lower. Both the short-term and intermediate-term swing pivot trends are down, with the most recent pivot low at 24,755.00 acting as immediate support, and a series of lower highs confirming the bearish structure. Resistance is stacked above at multiple levels, with the next significant pivot high at 26,565.50. Benchmark moving averages reinforce this bearish bias in the short and intermediate term, as the 5, 10, and 20 week MAs are all trending down and price is trading below them. However, the longer-term 55, 100, and 200 week MAs remain in uptrends, suggesting that the broader bull market structure is still intact, but under pressure. Recent trade signals have triggered short entries, aligning with the prevailing downtrend. The market appears to be in a corrective phase after a strong rally, with the potential for further downside if support levels fail. The overall environment is characterized by a pullback within a larger uptrend, with sellers currently in control on the weekly timeframe. Traders are likely watching for signs of stabilization or reversal at key support zones, or for continuation if momentum accelerates to the downside.