Bulls must establish a base above the 50% retracement at 23,319.75, while key micro pivots at 23,281, 23,255, and 23,228 offer clear bounce zones for tactical entries.
1. Session setup
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Context: After yesterday’s pullback off the 23,421.25 high, NQ futures have been grinding sideways, squeezed between Micro 5 (lower channel boundary) and Micro 4.
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Objective: Identify the levels that will dictate direction in the London open—either a renewed bullish push or a measured retracement.
2. Key levels to watch
LevelDescription
23,319.75 – 50% retrace of yesterday’s range – key bullish pivot.
23,350–23,368 – Value Area Low (~23,350) & mid-channel resistance at 23,368.
23,394 – Point of Control (POC) – major volume node.
23,421.25 – Yesterday’s high – ultimate upside target.
23,281 – Micro 4 – first support on pullbacks.
23,255 – Micro 3 – secondary support.
23,228 – Micro 2 – last line of defence on deeper drops.
Nasdaq 100 Futures price chart courtesy of TradingView | Playbook by MacroStructure dot connect
3. Bullish playbook
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Entry Trigger:
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Clean reclaim and close above 23,319.75 on a 15‑minute chart.
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Confirmation with rising volume or uptick in momentum oscillators.
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Initial Target:
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Stretch Target:
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Aggressive Add‑On:
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Stop‑Loss:
4. Bearish/pullback playbook
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Short Trigger:
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Support Zones for Bounces:
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Primary Target on Break:
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Drop below 23,228 → look for a move toward the lower trend‑channel boundary near 23,195–23,200.
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Stop‑Loss:
5. Trade execution and risk management
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Timeframes: Use 5‑ and 15‑minute charts for entries, 1‑hour to monitor structure.
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Position Sizing: Risk no more than 1–2% of account per trade.
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Trailing Stops: Once in profit by 1R (risk), trail to breakeven or just behind next micro pivot.
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News/Flow: Watch for London economic releases (e.g., UK CPI) that can spike volatility.
6. Pro tips for London session
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Micro Pivot Confluence: The more pivots you see clustered (e.g., 23,281 & a trend‑line touch), the higher the probability of a clean bounce or break.
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Volume Profile Insight: Notice how volume clusters around the POC—aggressive traders often defend or attack here.
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Momentum Confirmation: A quick squeeze above/below key levels with matching momentum spike (e.g., via TTM Squeeze or MACD) adds conviction.
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Scaling In/Out: Stagger entries at each micro level and scale out into areas of heavy volume (VAL, POC, prior high).
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