**NQ Notes from Recent High Frame Price Action 5/20-5/21**E-mini Nasdaq-100 Futures (Jun 2026)CME_MINI:NQM2026EthicalxTrader**NQ Notes from Recent High Frame Price Action 5/20-5/21** * NQ saw a strong recovery bounce today after testing the lower support region near **28,780 – 28,860**. * Buyers stepped back in aggressively once price reclaimed: * **28,928** * Then **29,148** * The broader higher timeframe structure still remains bullish overall despite the recent pullback and consolidation phase. * Price is now attempting to reclaim the middle portion of the recent consolidation range while still trading beneath major resistance around: * **29,424** * **29,565** * **29,687** * The larger rising trend structure remains intact while: * **28,781** * And especially **28,585** continue holding. Overall structure currently resembles bullish consolidation and compression after the earlier breakout expansion. **Levels I’ve been tracking** * **30,200**: Larger measured move target zone * **29,687.75**: Major higher timeframe resistance * **29,565.50**: Major resistance * **29,424**: Key resistance shelf * **29,290.50**: Near-term breakout trigger * **29,148**: First support * **28,928**: Key support pivot * **28,859.25**: Important support * **28,797.25**: Near-term breakdown trigger * **28,781.50**: Major support * **28,585**: Critical support zone * **28,469**: Larger downside support * **28,134**: Major lower support **Volume and behavior notes** * Volume expanded noticeably on today’s recovery bounce, showing buyers are still actively defending dips. * Despite the recent pullback from highs, the overall structure still resembles consolidation within a bullish trend rather than a confirmed reversal. * The recent price action is compressing into a tightening structure between: * Rising support * Heavy overhead resistance * Momentum likely expands again once either: * **29,424 – 29,565** breaks upward * Or **28,781 – 28,585** fails downward * Current behavior continues resembling: * Bullish digestion * Range compression * Stabilization after expansion * Buyers continue defending major breakout shelves aggressively. * Holding above **28,781 → 28,585** keeps the broader bullish structure intact. * A confirmed reclaim through **29,290 → 29,424** likely opens continuation toward: * **29,565** * **29,687** * Potentially **30,200** if momentum expands further **Overall read from my notes** NQ continues consolidating after the massive breakout run from earlier this month, but buyers continue defending key supports extremely well. The bigger picture still favors bullish continuation overall while: * **28,781** and especially * **28,585** continue holding. For the overnight session, the key area bulls need to reclaim is: * **29,290 – 29,424** If that happens, the market likely begins rotating back toward: * **29,565** then potentially: * **29,687 – 30,200** On the bearish side, losing: * **28,928** would likely reopen downside pressure toward the mid **28.5k** region.