NQ Analysis 3/25E-mini Nasdaq-100 Futures (Jun 2026)CME_MINI:NQM2026EthicalxTrader**My NQ notes from recent higher timeframe price action (4H perspective)** * NQ is currently trading around **24,367**, consolidating after a **sharp selloff and structural breakdown**. * Price has clearly **lost key levels (24,867 → 24,624 → 24,486)**, confirming **bearish continuation on the 4H timeframe**. * The move into **~23,772** marked a **major liquidity sweep**, followed by a reactive bounce — but price remains **below key resistance zones**. * Current price action is forming a **tight consolidation range between ~24,100 and 24,550**, signaling **compression before the next move**. * Volume expanded significantly on the drop, showing **strong seller control**, while the bounce lacks the same conviction. * Structure remains **lower highs and lower lows**, with no confirmed shift in trend yet. Overall structure remains **bearish, with consolidation suggesting a potential continuation move unless resistance is reclaimed**. **Levels I’ve been tracking** * **24,995**: Upper resistance * **24,867**: Major resistance * **24,624**: Strong resistance * **24,550 – 24,486**: Key resistance zone * **24,367**: Current reaction area * **24,212**: Immediate support * **24,101**: Key support * **23,800 – 23,772**: Major liquidity zone * **23,500 area**: Lower support **Volume and behavior notes** * The breakdown through key levels confirms **bearish continuation and structural weakness**. * The bounce from **23,772** appears to be a **liquidity reaction**, not sustained buying. * The **24,486–24,550 zone** is the key decision area — rejection here favors downside continuation. * Compression between **24,100 and 24,550** suggests a **range that is likely to resolve with expansion soon**. * A move below **24,212** likely opens continuation toward **24,101 → 23,800 → 23,772 → 23,500**. **Overall read from my notes** NQ is currently **compressing after a major breakdown**, trading in a **tight range just below key resistance**. As long as price remains **below 24,550**, this continues to favor a **bearish continuation toward 23,800 liquidity**. A breakout above **24,550–24,624** could trigger a **short-term squeeze**, but the broader structure remains **bearish until higher highs are established**. This is a **compression setup — leaning bearish unless resistance is reclaimed**.