+$3,003.66 on NQ. Second-best day of my Combine — on purpose.
Three longs scaled off the 29,202.75 base: 29,278.75, 29,305.00, 29,316.25. All out at 29,350.25.
My best day is $3,044.42. Every dollar past that raises the total I have to hit, because consistency caps the best day at half of total profit. So I stopped $40 short of my own record.
Price ran 162 points without me. Fine.
#Topstep #NQ #futurestrading
•Clear lower-high, lower-low sequence — CHoCH kicked it off near the July 15 top (HH → EQH), followed by LH → LL → BOS → LH → LL → BOS
•Price broke down hard from ~7,609 (0.786 fib) through the 0.618 and 0.5 levels, bottoming near 7,294 (the 0 fib / swing low)
•The red descending trendline connecting the highs confirms the bearish structure — every rally got sold
What’s happening now (into Aug):
•Sharp bounce off 7,294–7,335 back up to ~7,454
•Price is pushing through the 0.382 fib and is now battling right at the descending red trendline
•The green ascending trendline (connecting higher lows since the bottom) suggests short-term bullish momentum building
Bottom line: you’re at a decision point. Price is testing the red downtrend line from below a clean break and hold above it (and above 0.5 at 7,494.50) would open the door to a real shift in structure toward 0.618 (7,541.75). Rejection here keeps the broader downtrend intact and you’d likely see another leg down toward retesting 7,335–7,294.
�� S&P 500 SETTING UP FOR A ~20% DOWNSIDE MOVE...
Every major drop since 2020 has pulled back to 0.5 FIB after strong rallies
Also note:
Price rising while volume and momentum fall signals one thing:
“Smart money is distributing into retail demand”
We saw this in January 2022 before the major sell-off...
Looks like upside targets are largely met - downside is only a matter of time
Drop to 5900 will happen in 2026 - turn on notifs, I’ll update