NQ may face potential disaster if bulls fail to hold, Yuriy Matso warns

NQ may face potential disaster if bulls fail to hold, Yuriy Matso warns
NQ tests bear trap risk for bulls

Yuriy Matso highlights that NQ is attempting to form a bear trap pattern on the 10-minute chart.

He raises the question of whether bulls will be able to avoid a disaster if the pattern does not hold.

Matso recently reported a sharp drop in VIX term structure, pointing to market optimism and a potential bullish setup. He also noted that the VIX term structure remains in contango, indicating continued calm in financial markets. These observations provide context for his current focus on short-term price patterns.

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