NQ Notes from Recent High Frame Price Action 6/30E-mini Nasdaq-100 Futures (Sep 2026)CME_MINI:NQU2026EthicalxTraderNQ Notes from Recent High Frame Price Action 6/30 ### Key Observations • NQ continues to recover from the sharp June selloff and has now reclaimed several important resistance levels, shifting short-term momentum back in favor of the bulls. • Price is now trading back above the psychological 30,000 level and is approaching the upper end of the current consolidation range. • Current price: * 30,501 which places NQ just beneath a significant resistance cluster between 30,523 and 30,695. • The larger bullish structure remains intact, with buyers continuing to defend higher lows following the June 10th capitulation low. --- ### Technical Breakdown **Immediate Resistance** * 30,523.50 * 30,599.75 * 30,695.00 **Major Resistance** * 30,826.25 * 30,898.00 * 31,053.25 **Immediate Support** * 30,356.50 * 30,172.25 * 30,087.25 **Major Support** * 29,955.50 * 29,834.75 * 29,690.00 * 29,435.00 --- ### Volume & Trend Analysis • Buyers have steadily regained control throughout the past several sessions, reclaiming multiple resistance levels while maintaining higher lows. • The recovery has now carried price into a key supply zone where prior rallies have stalled. • Volume has moderated after the initial recovery surge, which is typical as markets approach major resistance and await the next catalyst. • The longer-term structure remains constructive, but this resistance area will likely determine whether the rally extends into early July. --- ### Trading Plan #### Bullish Scenario Trigger: * Hold above 30,356 and reclaim 30,523 Targets: * PT1: 30,600 * PT2: 30,695 Extended targets: * 30,826 * 30,898 * 31,053 A sustained move through 30,695 would confirm another higher high and strengthen the broader bullish trend heading into July. Stop: * Sustained acceptance back below 30,356 --- #### Bearish Scenario Trigger: * Rejection from 30,523-30,600 followed by a loss of 30,356 Targets: * PT1: 30,172 * PT2: 30,087 Extended downside: * 29,956 * 29,835 * 29,690 Stop: * Reclaim above 30,600 --- ### Summary The higher timeframe structure continues to favor the bulls as NQ works its way back toward the upper end of its multi-week range. The key battleground for the overnight session is: * Resistance: 30,523 → 30,695 * Support: 30,356 → 30,087 A successful breakout above 30,695 would likely open the door for a test of 30,826, 30,898, and potentially the major 31,053 resistance. Failure to clear resistance and a loss of 30,356 would likely trigger a healthy pullback toward 30,172 and 30,087 before buyers attempt to re-establish the longer-term uptrend.