NQ Daily Trade Plan โ 2026-08-31
๐ง Current Context Wednesday's session opened inside the Pivot Bear zone at 29226โ29250. PCE data printed softer than expected at 8:30 AM ET, triggering a sharp spike all the way to 29811 โ the session high and now the Prior Week High. The move cleared every overhead resistance level in one shot but was not sustained. Price sold off from the highs through Thursday and Friday, with NQ consolidating in the 29436โ29509 range into the weekly close (RTH close 29496, 5PM close 29508). Sunday globex opened at 29540, inside the Pivot Bull zone (29526โ29550). Sellers pushed NQ down to an overnight low of 29273 โ a look below Thursday and Friday's lows โ before price found support at the Wednesday wPOC zone near 29274 and bounced cleanly. The recovery ran back to 29459, now sitting between the Pivot Bear (29226โ29250) and Pivot Bull (29526โ29550) zones. The big picture has shifted. The PCE spike confirmed that NQ can clear all resistance when given macro fuel, reaching a new Prior Week High at 29811. The overnight look below at 29273 was a stop sweep that found immediate demand at the wPOC and reversed โ a constructive structure for bulls. Monday opens with NQ balanced below the Pivot Bull zone. Bulls need to reclaim and hold 29526โ29550 to confirm strength and resume the recovery. Bears need acceptance below 29226 to shift control back and target deeper levels. ๐ Short-Term Structure NQ is at 29459, between the Pivot Bear (29226โ29250) and Pivot Bull (29526โ29550) zones. Immediate resistance: 29528 (Pivot Bull zone), then 29550, 29612, and 29662. Strength is confirmed above 29750. On the downside: 29426 is the first support below, then 29272. Below 29272, the Pivot Bear zone at 29226โ29250 becomes the key decision area โ weakness confirmed below 29100. Bulls need to reclaim the Pivot Bull zone to take control. Bears need acceptance below the Pivot Bear to press lower. ๐ข Bullish Strategy Bulls need to reclaim and hold the Pivot Bull zone at 29526โ29550. A direct push through 29528 and acceptance above 29550 confirms strength and opens the path toward 29612, 29662, and higher. If price dips first and then recovers the Pivot Bull from below, that failed breakdown setup is the highest conviction long of the session, targeting 29612 and beyond. Strength confirmed above 29750 signals a more sustained recovery and opens the path toward the Prior Week High at 29811. If price pulls back below current levels, 29426 and 29272 offer failed breakdown opportunities before reaching the Pivot Bear zone. A defense of the Pivot Bear at 29226โ29250 or a flush into 29177 that recovers is also actionable for a bounce toward 29426 and 29528. Below the Pivot Bear, 29112, 29067, and 29000 offer counter-trend long opportunities at proven structural levels. โ Bearish Strategy Bears need acceptance below the Pivot Bear zone at 29226โ29250 to gain control. A Short Beneath Bounce at 29192 is active: if price tests the Pivot Bear zone and fails to hold, shorting beneath 29192 targets 29112 and 29067. Weakness confirmed below 29100 shifts focus to deeper support at 28964, 28831, and lower. Bears can also look for a failed reclaim of the Pivot Bull at 29526โ29550 โ if NQ pushes into that zone and gets rejected, the rejection targets 29426 and 29272. Counter-trend shorts on any extended rally can target 29662 and 29761. Bears need to see acceptance below 29226 before expecting a sustained move lower. โ Summary NQ is balanced between the Pivot Bear (29226โ29250) and Pivot Bull (29526โ29550) zones following the Prior Week High spike to 29811 and a Sunday globex look below to 29273. Monday's key setups: reclaim and hold of Pivot Bull (29526โ29550) for continuation toward 29662 and 29750, or failed breakdown of Pivot Bear (29226โ29250) for counter-trend longs. Strength confirmed above 29750. Weakness confirmed below 29100. Key bull trigger: acceptance above 29550. Key bear trigger: acceptance below 29226. NQ Levels ๐ Support Levels: 29528, 29426, 29272, 29226, 29177, 29112, 29067, 29000, 28964, 28877, 28831, 28700, 28626 ๐ Resistance Levels: 29550, 29612, 29662, 29761, 29849, 29880, 30000 ๐ Plan Going Forward Above โ: 29528 โ 29550 โ 29612 โ 29662 โ 29761 โ 29849 Below โ: 29426 โ 29272 โ 29226 โ 29177 โ 29112 โ 29067 โ 29000 โ 28964 โ 28831 โ 28700 โ 28626 โ Key Confirmations: Strength confirmed above 29750 Weakness confirmed below 29100 โ Pivot Bull: 29526โ29550 โ Pivot Bear: 29226โ29250 ๐ Trade Ideas: ๐ท Long if reclaim and hold: 29528 ๐ท Long if fail and reclaim: 29426 ๐ท Long if fail and reclaim: 29272 ๐ท Counter Trend Long: 29226 ๐ท Long if fail and reclaim: 29177 ๐ท Counter Trend Long: 29112 ๐ท Long if fail and reclaim: 29067 ๐ท Counter Trend Long: 29000 ๐ท Long if fail and reclaim: 28964 ๐ท Counter Trend Long: 28877 ๐ท Long if fail and reclaim: 28831 ๐ท Counter Trend Long: 28700 ๐ท Counter Trend Long: 28626 ๐ถ Counter Trend Short: 29662 ๐ถ Counter Trend Short: 29761 ๐ถ Counter Trend Short: 30000 ๐ด Short Beneath Bounce: 29192
NQ Trade Ideas for TradingView: Click Copy NQ Levels below, then open the Trading Levels PTZ v2 indicator on TradingView → Settings → paste into the levels field. Long entries appear in aqua, short entries in orange.
ES Trade Ideas for TradingView: Click Copy ES Levels below, then open the Trading Levels PTZ v2 indicator on your ES chart → Settings → paste into the levels field.
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