NQ_F Massive Bearish Wedge has Broken

Much like ES futures, the NASDAQ futures have formed a massive bearish rising wedge from the March lows. This wedge has an exhaustion overthrow at the end, followed by a breakdown, then a full week's long backtest which has finally failed. If follow through selling takes place next week, I expect this to fall dramatically from these lofty heights.

One small difference between the ES futures and the NQ futures is that with the new recent high, the RSI did print a higher high than the RSI print from the lower February high. This is actually not bearish divergence but rather bullish confirmation, but considering how close the two numbers are, perhaps it is nearly divergence. With the weakness in the other markets, I doubt this will make additional new highs for many years.