SMT Divergence across
$SPY and
$QQQ overnight as the S&P takes Tuesday's low and Nasdaq does not...
The huge lack in urgency off of those lows and controlled construction thus far leads me to believe that NQ will eventually follow SPY and chase the Tuesday low, but is there room for a run to buyside overhead prior?
29302 on NQ has a lot of confluence to be the next rejecter, as we have an hourly, 4h and hourly bearish breaker at that mark. The only missing piece is some urgency to the upside, which I would consider to be a bullish imbalance. Without the bullish imbalance, nothing is really implying a move up there at this point... but also leaves that path open if bulls can step up.