📅 Session Recap
In yesterday's session, NQ opened near 29460. Our level at 29426 was immediately and cleanly reclaimed, driving price all the way to 29593 — briefly above the Pivot Bull at 29526–29550 (look above and fail). A sharp rejection from 29593 brought price back to test the session POC at 29460, which held briefly before another rally back into the Pivot Bull — rejected again. Selling then took over for the remainder of the session, driving to the session low at 29359. Price recovered back above 29426 and consolidated there into the close. In Globex, the session opened at 29458, dipped and bounced from 29426, was rejected at the prior session mid at 29476, and made a first low at 29364. A recovery pushed to the overnight high at 29508 — also the prior month close and yesterday's session VAH — which rejected price. Selling then accelerated through the entire night. The SBB at 29372 held the whole Globex session before finally breaking, driving price to a new low at 29234. NQ is now at the Bear Pivot zone at 29226–29250.

⚠️ Note: US PPI and Initial Jobless Claims are due at 8:30 AM ET — potential directional catalyst. Wait for the initial reaction to settle before committing to a setup.

🧠 Current Context
NQ is testing the Bear Pivot zone at 29226–29250 with an overnight low of 29234. The SBB at 29372 held all of the Globex session before breaking — that move is confirmed and now 29372 is overhead resistance. The entire zone from 29358 to 29426 has flipped: 29358 was yesterday's session low, 29426 the key pivot all day. Bulls need to defend the Bear Pivot at 29226–29250 and eventually reclaim 29488 to shift structure back in their favor. Bears control below 29226.

📊 Short-Term Structure
NQ is at the Bear Pivot zone 29226–29250 — the critical support level. Immediate resistance overhead: 29372 (confirmed SBB level), then 29426, then 29477. For a meaningful bullish recovery, 29488 needs to be reclaimed and held. On the downside: a break below 29226 opens 29200, then 29177. Below 29177, the 29100 zone and the major 29077 level are the next key supports. Weakness is confirmed below 28922. Bears control below 29226. Bulls need acceptance above 29226 and a hold to begin rebuilding.

🟢 Bullish Strategy
Bulls need to defend the Bear Pivot at 29226–29250 or produce a quick trap below it and recover. A failed breakdown of 29226 is the primary long setup, targeting a recovery above 29250 and toward 29272. If price pushes below 29226, failed breakdowns at 29200 and 29177 are also actionable setups. Counter Trend Longs at 29100 and the major 29077 level offer high-conviction entries if the Bear Pivot zone fails and selling becomes extended. For bulls to be truly back in force, the reclaim and hold of 29488 is the key trigger — above that level, the path opens toward 29550 and Counter Trend Shorts become the dominant setups for bears. Avoid knife-catching on fast, aggressive selling — wait for stabilization before entering.

❌ Bearish Strategy
Bears control below 29226. A breakdown below the Bear Pivot opens 29200, then 29177. The SBB at 29372 is confirmed — any recovery that reaches 29372 and fails provides a Short Beneath Bounce opportunity targeting 29226 and below. A second SBB setup exists at 29192: if price breaks below 29226, drops to 29177 or lower, bounces back toward 29192 and fails, that is a short targeting 29100 and deeper. Counter Trend Short setups on any extended recovery are available at 29662, 29719, and 29762. Weakness is confirmed below 28922.

✅ Summary
Yesterday's session: long at 29426 worked to 29593, two rejections of the Pivot Bull, close above 29426. Globex: high at 29508 (prior month close, session VAH) rejected, SBB at 29372 confirmed after holding all night, new low at 29234. NQ is now at the Bear Pivot 29226–29250. Key bull setup: failed breakdown of 29226, recover above 29250, reclaim 29488 to be back in force. Key bear setup: breakdown below 29226, SBB at 29372 on any recovery, second SBB at 29192. Strength confirmed above 29750. Weakness confirmed below 28922.

NQ Levels

📌 Support Levels: 29526, 29426, 29380, 29300, 29272, 29226, 29177, 29112, 29077, 29000, 28964, 28877, 28831, 28700, 28626
📌 Resistance Levels: 29550, 29583, 29637, 29662, 29719, 29762, 29880, 30000

📌 Plan Going Forward
Above ↑: 29300 → 29380 → 29426 → 29488 → 29526 → 29550 → 29662
Below ↓: 29272 → 29226 → 29177 → 29112 → 29077 → 29000 → 28964 → 28877 → 28831

✅ Key Confirmations:
Strength confirmed above 29750
Weakness confirmed below 28922

✅ Pivot Bull: 29358–29372
✅ Pivot Bear: 29226–29250

📌 Trade Ideas:
🔷 Long if reclaim and hold: 29526
🔷 Long if reclaim and hold: 29488
🔷 Long if fail and reclaim: 29426
🔷 Long if fail and reclaim: 29380
🔷 Long if reclaim and hold: 29300
🔷 Long if fail and reclaim: 29272
🔷 Counter Trend Long: 29226
🔷 Long if fail and reclaim: 29177
🔷 Counter Trend Long: 29112
🔷 Counter Trend Long: 29077
🔷 Counter Trend Long: 29000
🔷 Long if fail and reclaim: 28964
🔷 Counter Trend Long: 28877
🔷 Long if fail and reclaim: 28831
🔷 Counter Trend Long: 28700
🔷 Counter Trend Long: 28626
🔶 Counter Trend Short: 29377
🔶 Counter Trend Short: 29662
🔶 Counter Trend Short: 29719
🔶 Counter Trend Short: 29762
🔶 Counter Trend Short: 30000
🔴 Short Beneath Bounce: 29372
🔴 Short Beneath Bounce: 29192