A look at the E-mini Nasdaq-100 (NQH5) is helpful. First level Support is at 21229 and this has not been broken since this month’s high was printed. A convincing break below that level would confirm the current weak position seen in the E-mini S&P 500 (i.e. printing below 2022.50).
Alternatively, a more bullish indication would be if NQH5 holds 21229 and ESH25 recovers 6022.50.
