NQ is still very bullish, and there is no swing sell signal yet. However there are more warning signals then it had a week ago, so maybe we'll have a swing sell signal on 4H timeframe soon.
Daily: - Negative divergence in haDelta+, haOscillator, EWO and MACD - MACD crossed down already: signals consolidation and weakness in momentum. - Heikin-Ashi candles: 3 dojis in a row -> indecision. haOscillator crossed down below center line
- Support and possible short term retracement target is around 5225
Please note that there are plenty of bullish supports below. This market is very far from a real strategic bearish setup. Even if could dip to 5135, it would be only neutral as Ichimoku setup.
4H: - Less Ichimoku support below price this time: Kumo cloud ahead is thinner than it was a week ago. - Weak bearish Tenkan/Kijun cross happened. Price is below Kijun Sen. - Heikin-Ashi is zig-zag, more like a sideaway move. Possible weakness in haDelta - EWO shows loss of momentum
Short term key support is 5342-5348. A break below could open space for a retracement to 5250 tgt.