e-Mini Nasdaq Future (QQQ) Attempts to Put in a Significant Corrective Low After The Jobs Report

A possible moment of truth for e-NDU (QQQ) at the price structure pushes up towards a challenge of near-term resistance at 5650 (137.50), which represents the nearest-term resistance boundary line of this week's coil configuration.

The ability of e-NDU to take out the coil boundary will be very constructive technically, and will morph all of the action since the July 4 electronic low into more of a bottom than a sideways, potentially-bearish digestion period within the larger corrective period off of the June 9 high.

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