NQ Daily Trade Plan โ 2026-08-18
๐ง Current Context Today's session provided important structural information. NQ looked above Friday's high and briefly traded above 30277 in the globex session, but rejected cleanly at that level โ confirming 30277 as active resistance and the VAH for today's session. Price sold off in two tranches: once at the open, where it bounced in the 30150โ30177 gap zone from Sunday's globex open, and a second time after a counter-trend short at 30277 played out perfectly and pushed price back into the same 30150โ30177 zone, offering a clean long setup both times. The rejection at 30287 was the final signal that the upper range was capped. What changed significantly was the afternoon action. After multiple tests of the Pivot Bull zone at 30074โ30090, bulls were unable to hold the level and price broke below it. NQ is now trading at 30068, just below the prior breakout level. This is the first meaningful test of the Thursday breakout structure โ the same level that served as the foundation for the bullish continuation all week. The break of 30074 does not necessarily invalidate the broader bullish structure, but it shifts the immediate bias. Bulls now need to reclaim and hold 30074 to restore the prior setup. A failed breakdown โ where price flushes lower, then quickly recovers back above 30074 โ would be the highest quality long entry for tomorrow. If 30074 cannot be reclaimed, the path lower toward 29984 and 29926 opens. ๐ Short-Term Structure NQ closed below the Pivot Bull at 30074โ30090. The immediate structure revolves around whether this break is a trap โ a stop run below a key level before reversal โ or the beginning of a deeper retracement toward 29984 and 29926. The 30150โ30177 zone, which acted as support twice today, now sits above price and becomes the first resistance to watch on any recovery attempt. Above that, 30277 remains the key upper resistance. On the downside, the first targets are 29984 and 29926. These were always the key support levels from last week's plan and remain fully valid. Below 29926, 29733 is the next major support. ๐ข Bullish Strategy The primary bullish setup for tomorrow is a failed breakdown of 30074. Price is sitting just below it at 30068 โ a flush lower followed by a quick recovery above 30074 would trap sellers and offer a high-quality long entry. This is the cleanest setup available. If price opens above 30074 and holds, that reclaim itself becomes actionable on any dip back to the level. If 30074 does not hold and price drops further, the next actionable longs are failed breakdowns at 29984 and 29926. These levels have been on the plan all week and remain the key support zones below. A flush and recovery of either offers a valid long. The deeper the move before recovery, the more powerful the setup. Upside targets following any successful reclaim of 30074 are 30150โ30177 (first resistance), then 30277 if momentum carries. โ Bearish Strategy The break of 30074 activates the short beneath failed bounce setup. If price bounces back toward 30074 but cannot reclaim and hold it, that failed recovery is the cleanest short trigger. A rejection at 30074 from below opens the path to 29984, then 29926. The 29912 short beneath failed recovery level also remains valid. Counter-trend shorts at 30277, 30350, and 30430 remain on the plan if price recovers strongly. The broader bear case only develops if 29926 fails and price loses 29733. Until then, the structural bias remains bullish on the larger timeframe โ today's break is a test, not a reversal. โ Summary NQ broke below the Pivot Bull at 30074 and is trading at 30068. Tomorrow's key setup is a failed breakdown and reclaim of 30074 โ the highest quality long entry available. If 30074 cannot be reclaimed, the path opens toward 29984 and 29926. All levels from last week remain unchanged. The 30277 resistance confirmed perfectly today and stays on the plan. The 30150โ30177 gap zone is now resistance above current price. Bears need 30074 to hold as resistance; bulls need to reclaim it and hold. NQ Levels ๐ Support Levels: 30074, 29984, 29926, 29733, 29650, 29550, 29426, 29233, 29192, 29067, 28964, 28831 ๐ Resistance Levels: 30150, 30177, 30277, 30300, 30350, 30430, 30520, 30600 ๐ Plan Going Forward Above โ: 30074 โ 30150โ30177 โ 30277 โ 30300 โ 30350 โ 30430 Below โ: 29984 โ 29926 โ 29733 โ 29650 โ 29550 โ 29426 โ Key Confirmations: Strength confirmed above 30300 Weakness confirmed below 29650 โ Pivot Bull: 30074โ30090 โ Pivot Bear: 29900โ29926 ๐ Trade Ideas: 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 ๐ท Long if reclaim and hold: 30150โ30177 ๐ท Long if reclaim and accept risky above: 30277 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: 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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