NQ Daily Trade Plan โ 2026-08-17
๐ง Current Context Sunday night, NQ made a look above and fail above 30280 โ the high from Friday's session. Price pushed up to 30343, just a few points shy of the 30350 Counter Trend Short zone that has been on the plan all week, then rejected cleanly and pulled back. This overnight sequence keeps NQ inside the same consolidation that began after Thursday's breakout and continued through Friday's digestion. The market is still processing the move โ no directional resolution above 30350 yet. Sunday globex session opened with a small gap down at 30170, below above Friday's VAH at 50150. The gap open zone at 30150โ30177 becomes an important reference level โ a backtest or defense of this area can offer a long entry, especially if price reacts quickly from there. The structure remains unchanged. Bulls control above 30074. The breakout from Thursday is still valid and the old range levels remain important. The 30277โ30350 zone is acting as the upper boundary of this digestion, while 30074โ30090 continues to define the floor. Until NQ accepts above 30350 or loses 30074, the plan carries over from last week without modification. ๐ Short-Term Structure The immediate structure revolves around whether NQ can hold above the prior breakout zone at 30074. Above this level, the path remains open toward 30277, then the upper extension levels around 30300 / 30350 / 30430. The overnight look above and fail at 30343 confirms that 30350 is acting as resistance. If price pulls back, the first important support is 30074, followed by 29984 and 29926. Below that, 29733 remains the key reclaim level. This is no longer a clean short setup while price remains above 30074. Bears need a failed breakout back below 30074, then failure to reclaim, before downside toward 29984 / 29926 becomes active. ๐ข Bullish Strategy Bulls remain in control above 30074. The primary bullish strategy is to defend the prior breakout as new support. A backtest of 30074 can provide a long entry if buyers step in and price holds or reclaims quickly. If price flushes below 30074 but quickly reclaims it, that becomes the highest-quality failed breakdown setup. Below that, 29984 and 29926 remain the next major support zones. A flush and recovery of either level can still offer a clean long, especially if the move is fast and traps sellers. Deeper pullbacks into 29733 / 29650 are still valid, but if price gets that low, it means the breakout is weakening and longs need stronger confirmation. The best long setups remain failed breakdowns and reclaim entries, not chasing extended candles into resistance. Upside targets after successful support defense are 30277, 30300, 30350, and 30430. โ Bearish Strategy The bearish case does not activate cleanly while NQ remains above 30074. The overnight rejection at 30343 shows resistance is active near 30350, so counter-trend shorts near 30277 and 30350 remain valid scalp opportunities. A stronger bearish setup requires a break back below 30074 with no immediate reclaim. That would open downside into 29984, then 29926. If 29926 fails, the next important downside levels remain 29733 and 29650. The more meaningful bear case begins only if NQ loses 29650 and fails to recover. Until then, short setups carry trap risk because the broader structure remains bullish after the breakout. โ Summary NQ remains in consolidation after Thursday's breakout, digesting inside the 30074โ30350 range. The overnight look above and fail at 30343 confirms resistance near the 30350 CT Short zone. The preferred scenario is to hold 30074 and eventually break above 30350 for continuation. Do not replace last week's levels: 29984, 29926, 29733, 29650, and 29550 remain important. The bearish case requires a failed breakout back below 30074, with real weakness only below 29650. NQ Levels ๐ Support Levels: 30074, 29984, 29926, 29733, 29650, 29550, 29426, 29233, 29192, 29067, 28964, 28831 ๐ Resistance Levels: 30277, 30300, 30350, 30430, 30520, 30600 ๐ Plan Going Forward Above โ: 30074 โ 30277 โ 30300 โ 30350 โ 30430 โ 30520 Below โ: 30074 โ 29984 โ 29926 โ 29733 โ 29650 โ 29550 โ 29426 โ Key Confirmations: Strength confirmed above 30500 Weakness confirmed below 29650 โ Pivot Bull: 30074โ30090 โ Pivot Bear: 29900โ29926 ๐ Trade Ideas: ๐ท Long if reclaim and accept above(risky) : 30277 ๐ท Long if fail/test& reclaim: 30150โ30177 ๐ท Long fail & reclaim: 30074 ๐ท Long fail & reclaim: 29984 ๐ท Long fail & reclaim: 29926 ๐ท Long Direct or FBD: 29733 ๐ท Long fail & reclaim: 29650 ๐ท Long fail & reclaim: 29550 ๐ถ Counter Trend Short: 30277 ๐ถ Counter Trend Short: 30350 ๐ถ Counter Trend Short: 30430 ๐ด Short beneath after failed bounce: 30074 ๐ด Short beneath after failed recovery: 29912 ๐ด Short beneath after failed recovery(risky ): 29772 ๐ด Short beneath after failed recovery: 29550
Trade Ideas for TradingView: Click Copy Formatted Levels below, then open the Trading Levels PTZ v2 indicator on TradingView โ Settings โ paste into the levels field. Long entries appear in aqua, short entries in orange.
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