I am not going to write much here. Watch the video and you can gather much of what I am talking about. It is possible that the MNQH2026 could correct back to 21775 at the extreme (the 50% retracement of the swing low in April 2025 to the swing highs late in 2025), or if that fails, back to 19746 and change if that support level is broken. I think that would be quite normal for a very tech-centered index to do in a correction, at least before the Fed began sand-bagging the stock market with worthless USD through QE. When interest rates dropped below the rate of inflation and even below zero in real terms after those adjustments were made, the stock market asset bubble expands. In the era of FOMO, nothing but upward movement in stocks are tolerated, even though that screws real price discovery and prevents the economically strong stocks to be purchased at a discount.
I hammered this video out on one take, so grammatical errors and generally redneck attitudes must be accepted. It has been some time since I have done this, but since the market has been doing the “Falcon 9” thing for the last several months until now. All you needed was a Fibonacci scale and a ruler to figure out the next stop. Writing about that is boring. Now there is a pause in that, so I figured I would give some guidance as to what MIGHT happen. As I say always, NO ONE KNOWS WHAT WILL HAPPEN NEXT, but markets leave clues. This looks like a good trail of bread crumbs to analyze for the potential damages and potential longer-term gains on this index futures contract.
If you have questions, leave them in the comments and I will answer them as soon as I can.
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