The analysis provides a technical outlook on key market indices, including ES1, NQ11, SPY, and QQQ. For ES1, a key level of 5850 was breached, opening the door to a move toward 5722. The analysis says that the target is 5722 and fail is 5828. NQ11 is projected to pan out to 20300 from its current position while failure is at 20959 and, likewise, the SPY is given a target of 565 with a stop loss at 582. With respect to QQQ the target is 490 and with failure at 513. A near term bearish bias is evident across indices, with expectations of a retest around Nvida's earnings with emphasis being placed on market action around upcoming tariff deals and Fed policy.