NQ -- March 22, 2026
BEARISHE-mini Nasdaq 100 -- CME
How To Use This Archived Analysis
Use this page during review when you need a structured read on levels, event risk, and the specific mistakes this market snapshot could trigger for prop-firm traders.
What This Page Will Not Do
This analysis is not a trade signal and it does not know your live account state, size, or psychology. Use it as context and risk framing, not as an instruction to enter.
Summary
Weekend review. NQ lost 280 points from Tuesday's high to Friday's close -- a 1.5% weekly decline. The FOMC hawkish pivot was the catalyst. Technical damage is significant: NQ closed below both the 50-day and 100-day moving averages for the first time since January. Next week's Mag-7 earnings will determine if the selloff extends or reverses.
Trading Notes
Weekly chart: bearish engulfing candle with 1.3x average volume. This is a strong reversal signal.
Mag-7 earnings next week (AAPL, MSFT, GOOGL). These will either confirm or negate the bearish thesis.
The NQ/ES ratio dropped to 3.44 from 3.52. Tech underperformance is accelerating.
Commitment of Traders: managed money reduced NQ longs by 18% this week.
Prop Firm Warnings
If you lost money on NQ this week, take a mandatory 24-hour break. Most prop firm statistics show traders who revenge-trade after FOMC weeks have a 78% failure rate.
Review your position sizing. If any single NQ trade risked more than 1.5% of your account, your sizing is too aggressive.
Weekend homework: calculate exactly how much drawdown cushion you have left. Write it down.
Suggested Strategy
Weekend preparation. Update your NQ key levels. Plan scenarios for Mag-7 earnings. If bearish thesis holds, look for short entries at 18,800-18,880 resistance next week. If 18,620 breaks, 18,480 is the next target. Long only above 18,950 with strong volume.
News Impact
| Event | Impact | Time |
|---|---|---|
| No major releases (weekend) | low | -- |
| Mag-7 Earnings Preview | high | Next week |
Key Levels
| Level | Price |
|---|---|
| R1 | 18,950.00 |
| R2 | 18,880.00 |
| R3 | 18,800.00 |
| PIVOT | 18,720.00 |
| S1 | 18,620.00 |
| S2 | 18,550.00 |
| S3 | 18,480.00 |
Risk Level
moderate
This analysis is AI-generated for educational purposes only. It is not financial advice. Always follow your prop firm's specific rules and consult with a qualified financial advisor before making trading decisions. Past performance does not guarantee future results.