The daily still looks like a bull flag: a strong run to the upside, a slight pullback, and the lean is continuation.
Overnight price blew past both resistance levels, then the bears came in and pushed it right back down. Right now the major resistance is 30,913.
This is trading education, not a signal or a promise.
Levels drawn before the open
Every level below was drawn on the chart before 9:30 ET and checked against the price axis. They are graded after the close by fixed rules, whichever way they go.
| Level | Role at the open | Result | What price did |
|---|---|---|---|
| 30,913.80 | drawn | after the close | |
| 30,776.07 | drawn | after the close |
The plan
On the one hour the trend is still up, and this looks like a healthy pullback inside it.
Two outcomes, especially around the 8:30 number: 1. Price comes down and bounces off the trend line, or consolidates on support at 30,776. 2. It bounces and continues, breaks the resistance at 30,913, and can go on to retest today's high.
A level is a reference drawn in advance, not a forecast.
In the video
- 0:00Thursday: NQ up about 200, around 30,900
- 0:10A new high overnight, near 31,151
- 0:22The daily bull flag
- 0:33Through resistance overnight, then the bears
- 0:44Major resistance: 30,913
- 0:56The one hour: trend still up, a healthy pullback
- 1:06Two outcomes for 8:30
- 1:18Support at 30,776, or break 30,913
- 1:33Questions, and ciycapital.com
The prep is free every trading morning, with the levels drawn before the open. Get it here.
Trading education only. Not financial advice, not a signal, and no promise of any result. Full disclaimer.