Key Trendline Under Pressure

A key the trendline is being pressured as of this writing. The December (Z) contract daily chart of NQ futures depicts a 3-month falling trendline that intersects the previous 4 rejections going back to August. The critical point lies at 15,230, which is the exact price heading into the New York open 9:30 EST. This is the second consecutive day in which price-action has tested this key resistance and thus far today is threatening to breakout on a hourly (chart) basis. Thus, if the equity open is positive it will highlight a strong indication that the tech-heavy NQ futures is breaking out, which quickly open the 15.3 region that houses the 100-day MA & a key 50% retracement.