**NQ Notes from Recent High Frame Price action 5/12-5/13**E-mini Nasdaq-100 Futures (Jun 2026)CME_MINI:NQM2026EthicalxTrader**NQ Notes from Recent High Frame Price action 5/12-5/13** * NQ remains in a strong overall bullish trend despite the recent pullback from the **29,450 area**. * The larger breakout structure is still intact overall, but price has finally started seeing some short-term cooling after the aggressive expansion move higher. * Current price action still looks more like a healthy consolidation/pullback within trend rather than a confirmed reversal. * Buyers continue defending key higher support zones aggressively. * The market is now trading directly between: * Major resistance near **29,390 – 29,455** * Key support around **28,928 – 28,781** Overall structure remains bullish as long as higher support shelves continue holding. **Levels I’ve been tracking** * **30,200**: Larger measured move target * **29,480**: Key continuation trigger * **29,390 – 29,455**: Major breakout zone * **29,241 – 29,305**: First resistance cluster * **29,170**: Immediate support * **28,928**: Key trend support * **28,781 – 28,742**: Major support shelf * **28,699**: Larger support level * **28,585**: Key breakdown trigger * **28,469**: Deeper support **Volume and behavior notes** * Volume expanded heavily during the impulsive breakout phase into the highs, confirming strong momentum participation. * Recent candles show momentum slowing somewhat as price consolidates near highs. * Sellers still have not created any meaningful higher timeframe breakdown structure. * Current behavior still resembles: * Bullish digestion after expansion * Short-term profit taking * Consolidation near highs * Buyers continue defending shallow pullbacks instead of allowing aggressive trend breakdown behavior. * Holding above **28,928 – 28,781** keeps the broader continuation structure intact. * A confirmed reclaim above **29,305 → 29,455** likely opens continuation toward: * **29,480** * **30,000** * **30,200** * A confirmed breakdown under **28,585** would likely open retracement toward: * **28,469** * **28,134** * **27,890** **Overall read from my notes** NQ remains firmly bullish overall despite the recent pullback. The key thing right now is that the market still has not produced a true larger timeframe loss of structure. So far, this still looks like consolidation after an extremely aggressive upside expansion move. The key areas remain: * **29,390 – 29,455 = breakout continuation zone** * **28,585 = key support that must hold for bulls** Until sellers can start breaking major higher support shelves, the broader trend still favors upside continuation over time.