NQ Daily Trade Plan โ 2026-08-21
๐ง Current Context Today's session played out almost exactly as outlined in the Discord update posted before the open. NQ broke down from the 29550 Bear Pivot zone, flushed through 29433 and 29233, and found its first low in globex at 29240 โ right inside the 29200โ29240 zone flagged in this morning's Discord post as a potential bounce area. From there, price delivered a clean long of over 230 points, running straight to 29479 before rolling over. After the rejection at 29479, NQ undercut that first low and printed a session low at 29202 โ again holding above the 29192 structural support, which was never tested. The 29200โ29240 zone absorbed the second flush just as cleanly as the first, producing another bounce that carried price back to 29334. The plan's zones worked both times. We are now in the new globex session. NQ is consolidating between VAL at 29280 and POC at 29335 โ a tight compression building between two established references after a full down day. Price is coiling inside this range, preparing for a directional move. The structure heading into tomorrow remains bearish: 29550 is resistance, the 29200โ29240 zone is the proven support floor, and the market needs to resolve one of these levels to set the next leg. The Pivot Bear zone sits at 29319โ29330 โ right in the middle of this current compression. Bulls need a clear break and hold above 29577 to confirm any structural shift. Until then, bounces are counter-trend and shorts remain the higher-probability direction into resistance. ๐ Short-Term Structure NQ is consolidating around 29322, inside the new Pivot Bear zone 29319โ29330. Immediate resistance starts at 29358 โ the first level bulls need to reclaim. Above that, 29422 and 29550 are the key resistance zones, with 29550 being the critical backtest area for bulls. On the downside, 29192 is the immediate support proven by today's low, followed by the untested 29177 CTL and 29067 FBD. Structure favors continuation lower unless bulls can push through and hold 29358, then 29550. ๐ข Bullish Strategy Bulls need to focus on reclaiming key resistance levels to trigger a reversal. The first actionable zone is 29358, where a recovery after a flush can provide a failed breakdown setup โ price traps below it briefly, then recovers quickly above. The more significant resistance to reclaim is 29422, which acted as a resistance shelf through the prior session. If NQ can push through and hold above 29422, it opens the path toward 29550 and the critical backtest zone at 29526โ29550. The bullish case depends on NQ recovering 29358 first, then breaking through and holding above 29422. Once above that level, bulls can target the run toward 29550, with the ultimate goal of reclaiming the Pivot Bull zone to shift control back. Failed breakdown setups at 29358 and at the 29200โ29240 support zone can provide lower-risk long entries if price flushes, holds, and recovers. For the 29177 CTL and deeper levels, waiting for a flush-and-recover confirmation before entering provides a safer setup. โ Bearish Strategy Bears remain in control below 29526โ29550 and can look for resistance rejections at key levels to add short exposure. The primary resistance zones to watch are 29550, 29422, and 29358. If price rallies into these zones and rejects, it confirms continued bearish control and provides backtest short opportunities. For breakdown setups, a break below the 29200โ29240 zone is the next trigger. Ideally price puts in a bounce attempt at that level before breaking below it โ a trigger near 29192 confirms the breakdown. Below there, 29177 and 29067 are the next support zones. Chasing downside below current levels without a bounce setup carries significant trap risk, as the 29200โ29240 zone has already shown it can produce sharp recoveries. โ Summary Bears remain in control below 29526โ29550, and bulls need to reclaim that zone to shift the structure back to bullish. The immediate path for bulls is to recover 29358, then push through 29422 to open the rally toward 29550 and the Pivot Bull zone. Bears can look for resistance rejections at 29358, 29422, and 29550, with a breakdown below the 29200โ29240 zone as the next bearish trigger. Structure favors continuation lower unless bulls can reclaim 29422 and shift momentum. NQ Levels ๐ Support Levels: 29233, 29192, 29177, 29067, 28964, 28831 ๐ Resistance Levels: 29358, 29422, 29550, 29650, 29733, 29912, 29984, 30074 ๐ Plan Going Forward Above โ: 29358 โ 29422 โ 29550 โ 29650 โ 29733 โ 29426 โ 29550 โ 29650 โ 29733 โ 29912 Below โ: 29222 โ 29192 โ 29177 โ 29067 โ 28964 โ 28831 โ Key Confirmations: Strength confirmed above 29577 Weakness confirmed below 28972 โ Pivot Bull: 29526โ29550 โ Pivot Bear: 29333โ29350 ๐ Trade Ideas: ๐ท Long if reclaim and hold: 29358 ๐ท Long if reclaim and hold: 29422 ๐ท Long if reclaim and hold: 29550 ๐ท Long direct or FBD: 29233 ๐ท Counter Trend Long: 29177 ๐ท Long direct or FBD: 29067 ๐ท Long direct or FBD: 28950 ๐ถ Counter Trend Short: 29733 ๐ถ Counter Trend Short risky: 29550 ๐ถ Counter Trend Short: 29522 ๐ด Short Beneath Bounce: 29182
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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