The NQ E-mini NASDAQ 100 Futures weekly chart shows a clear shift in momentum, with price action now below all key Fibonacci grid levels (weekly, monthly, yearly) and the NTZ center, indicating a broad-based downtrend across short, intermediate, and long-term session grids. Both the short-term and intermediate-term swing pivot trends are down, with the most recent pivots confirming lower highs and lower lows. Resistance is established at 26655.50 and 26340.00, while support is clustered at 23976.12 and much lower at 21661.00 and below, suggesting a wide range for potential volatility. 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, indicating that the broader bull market structure is not yet broken, but is under pressure. Recent trade signals have triggered short entries, aligning with the prevailing downtrend. The overall technical landscape points to a market in corrective mode, with sellers in control in the short and intermediate term, while the long-term trend is at a critical juncture. The market is currently testing key support levels, and the next moves will be pivotal in determining whether this correction deepens or finds a base for stabilization.