NQ -- March 24, 2026
NEUTRALE-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
Monday morning. NQ is trading at 18,760, slightly above the Sunday open. Flash PMI at 9:45 AM is the morning catalyst. The market is positioned defensively ahead of Mag-7 earnings starting Tuesday. NQ is oversold on the 4-hour chart (RSI 28) and a mean-reversion bounce toward 18,880 is probable if PMI data cooperates.
Trading Notes
4-hour RSI at 28 is deeply oversold. Mean-reversion trades from support have better odds today.
PMI data at 9:45 AM will set the tone. NQ has been correlating strongly with services PMI.
Pre-earnings positioning may cap upside at 18,880. Do not overstay bullish trades.
Mag-7 earnings Tuesday after close. Monday is the last clean setup day before earnings volatility.
Prop Firm Warnings
Oversold conditions favor long trades but require discipline. Set hard stops and honor them.
NQ at $20/point means tight stops are expensive. Use 1/2 position size or switch to MNQ ($2/point) for tighter risk control.
Do not hold NQ through Tuesday's close. Earnings gap risk can exceed your entire daily loss limit.
If you are below breakeven for the month, trade defensive. One good trade is better than forcing three mediocre ones.
Suggested Strategy
Wait for PMI data. If above 50, buy dips to 18,720-18,740 with a stop at 18,680. Target 18,880 (the first major resistance). If PMI misses, short rallies to 18,800 with a stop at 18,840, targeting 18,620. Close all positions before Tuesday 3:00 PM ahead of earnings.
News Impact
| Event | Impact | Time |
|---|---|---|
| Flash PMI | high | 9:45 AM ET |
| Mag-7 Earnings Preview (Tuesday) | medium | All day |
Key Levels
| Level | Price |
|---|---|
| R1 | 18,950.00 |
| R2 | 18,880.00 |
| R3 | 18,800.00 |
| PIVOT | 18,740.00 |
| S1 | 18,680.00 |
| S2 | 18,620.00 |
| S3 | 18,550.00 |
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.