NQ Trade Plan 5/27

Buyers continue to have the edge...breakout time on NQ?

Nasdaq Futures Trading Plan – May 27

Market Overview

The dip was bought once again on NQ after a sharp 400-point sell-off on Friday morning. Price is now attempting a breakout toward the top of the two-week consolidation range, with buyers eyeing 21,530.

We currently have a bullish continuation setup, with the London session closing higher than the Asia session, indicating potential for upside if support holds.

Trade Outlook

• For the bullish setup to remain valid, price must hold above 21,235 on any pullback. If it does, I’ll look for longs targeting 21,460.

• A lower high below 21,235 would invalidate this setup. If that occurs, I’ll shift to a bearish bias, looking for shorts targeting 21,136.

With Consumer Confidence data set to release at 10:00 AM ET, expect heightened volatility during the morning session.

Key Trade Scenarios

Bullish Scenario (Long Bias)

• Setup Valid Above: 21,235

• If price pulls back and holds above this level, I’ll consider long entries.

• A breakout above 21,360 would confirm momentum.

• Long Targets: 21,400 → 21,460 → 21,524

Bearish Scenario (Short Bias)

• Setup Valid Below: 21,235

• If price forms a lower high and fails to reclaim this level, I’ll look for short opportunities.

• A breakdown below 21,203 confirms weakness.

• Short Targets: 21,136 → 21,094 → 20,957

Key Levels and Targets

High: 21,360 if price holds above target longs → 21,400 → 21,460 → 21,524
Low: 21,203 if price holds below target shorts → 21,136 → 21,094 → 20,957

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