MNQ SET TO MAKE MORE NEW HIGHS, BEWARE OF THE STRONG PULLBACKS

We are very likely to witness MNQU2025 (and of course NQ) reaching for new highs in the not too distant future.

However it is wise to bare in mind that price having made a high in the previous week of [23,848,00] may experience a deep retracement into an area of weekly price inefficiency:

[22,584.75 - 22,224.50] This general area sits nicely above the lower end of the Premium-High of the current weekly Dealing Range (0.75 DRT).

It is also feasible to expect price to revisit the Equilibrium of the current weekly Dealing Range (0.5DRT) as depicted in the chart at a general area of [20,727.50 - 20,150] over the next month or so before seeing sustainable new highs being achieved.

Lets keep a keen look out for the release of this week's economic reports (especially inflation related) that may help drive price lower in the short term before we see it achieve a season of further new highs.