
The NQ E-mini NASDAQ 100 Futures weekly chart shows a market that has recently experienced a sharp pullback from all-time highs, with large, fast-moving bars indicating heightened volatility. Short-term and intermediate-term swing pivot trends have shifted to downtrends, and the price is currently testing support near 24,036.33 after failing to hold above recent resistance levels. Despite this, the Weekly and Monthly Session Fib Grids (WSFG, MSFG) still show an upward trend with price above their respective NTZ/F0% levels, suggesting underlying bullish momentum in the shorter timeframes. However, the Yearly Session Fib Grid (YSFG) trend is down, with price below the yearly NTZ/F0%, reflecting a longer-term corrective phase or consolidation after a strong multi-year rally. Benchmark moving averages present a mixed picture: the 5, 10, and 20-week MAs are in a downtrend, confirming the recent corrective action, while the 55, 100, and 200-week MAs remain in uptrends, supporting the broader bullish structure. Recent trade signals have triggered new long entries, indicating that some swing traders are positioning for a potential bounce or trend resumption. Key resistance remains at 26,655.50 and 26,340.00, while major support levels are well below current price, highlighting the risk of further downside if current support fails. Overall, the market is in a transitional phase, with short- and intermediate-term trends neutralizing but long-term structure still bullish, suggesting a period of consolidation or potential base-building before the next directional move.