NQ Market Review – August 2- 3 Session OutlookMicro E-mini Nasdaq-100 Index Futures (Sep 2026)CME_MINI:MNQU2026JP_TruNQ1! Higher Timeframe Bias (Daily) The Daily chart continues to favor sellers. Price has rallied into a premium area after the recent selloff but remains below the major Daily reference around 28,478, which is acting as resistance. The recent bounce appears corrective rather than impulsive, and until buyers can reclaim and hold above this level, the broader bearish structure remains intact. The objective on the Daily remains the 4H BISI High at 27,996.25, which aligns with the current imbalance left during the recent expansion lower. 4H Outlook The 4H chart shows price trading directly beneath the 28,478 reference. This level is the key decision point for the beginning of the session. Primary Scenario (Preferred) Watch for price to: Retrace into 28,478 or attempt to Fail to gain acceptance above the level or failure to reach it Produce bearish displacement from that resistance If sellers reject 28,478, the expectation is for price to rotate lower toward: 🎯 4H BISI High – 27,996.25 This imbalance is the next logical draw on liquidity and remains the higher-timeframe objective. 15 Minute Execution The intraday chart shows price already testing the 28,478 level after Friday's rally. For execution: Allow price to reference 28,478 Avoid chasing shorts before confirmation Wait for lower timeframe rejection (market structure shift, displacement, or bearish engulfing) Enter only after sellers demonstrate acceptance below the level. Key Levels Resistance 28,478 (Primary session reference) Target 4H BISI High – 27,996.25 Session Plan Bullish Case Acceptance above 28,478 delays the bearish objective. Buyers would likely seek higher premium before any meaningful sell program develops. Bearish Case (Preferred) Price retraces into 28,478 Sellers reject the level Bearish displacement confirms failure Target becomes 27,996.25 (4H BISI High) Trading Focus The opening objective is not to sell immediately into weakness, but to let price revisit 28,478 and determine whether buyers can sustain acceptance. If that retracement fails, it provides the higher-probability opportunity to align with the prevailing Daily trend and target the 4H BISI High at 27,996.25. A clean rejection increases the probability of continuation toward the 4H imbalance.