
The NQ E-mini NASDAQ 100 Futures weekly chart shows a market in transition. Price action is volatile with large bars and fast momentum, reflecting heightened activity and possible uncertainty. Short-term and intermediate-term trends have shifted bearish, as indicated by both the swing pivot trends and the downward direction of the 5- and 10-week moving averages. The WSFG (Weekly Session Fib Grid) trend remains up, but price has recently broken below key monthly and yearly NTZ (neutral zone) levels, confirming a loss of bullish momentum at higher timeframes. Swing pivots highlight a recent pivot low at 25486.25, with the next support at 24396.25. Resistance is stacked above at 25588.25, 26567.75, and 26864.25, suggesting overhead supply and potential for further retracement if buyers do not step in. Long-term moving averages (20, 55, 100, 200 week) remain in uptrends, supporting a bullish structural bias, but the current price is testing these levels from above. Recent trade signals show mixed activity, with a short signal on 20 Mar followed by a long signal on 23 Mar, reflecting the choppy and reactive nature of the current environment. The overall picture is one of a market correcting within a longer-term uptrend, with the potential for further downside in the short to intermediate term before any sustained recovery. Traders are likely watching for stabilization at key support levels or a decisive break of long-term moving averages to reassess directional conviction.