QQQ 1H – FVGs, MSS & COT Positioning
Price is pressing into the 574–576 resistance zone, with upside liquidity resting toward 583–585 (FVG + Fib 0.777–1 confluence). A clean break above 576 could fuel a run into that zone, where I’ll watch for a Bearish 1H MSS setup.
If momentum stalls here, pullbacks toward 570 → 563 become likely, with a deeper test of the 557–560 FVG on a stronger breakdown—this is where I’ll look for a Bullish 1H MSS if structure shifts.
Latest COT data on NASDAQ-100 futures backs the caution: speculative longs have been cut while short positions increased, tilting sentiment bearish. This positioning aligns with potential rejection zones above, making the 583–585 area a key decision point for the next directional leg.
Key Levels:
Resistance: 574–576 → 583–585
Support: 570, 563, 557–560
Price is pressing into the 574–576 resistance zone, with upside liquidity resting toward 583–585 (FVG + Fib 0.777–1 confluence). A clean break above 576 could fuel a run into that zone, where I’ll watch for a Bearish 1H MSS setup.
If momentum stalls here, pullbacks toward 570 → 563 become likely, with a deeper test of the 557–560 FVG on a stronger breakdown—this is where I’ll look for a Bullish 1H MSS if structure shifts.
Latest COT data on NASDAQ-100 futures backs the caution: speculative longs have been cut while short positions increased, tilting sentiment bearish. This positioning aligns with potential rejection zones above, making the 583–585 area a key decision point for the next directional leg.
Key Levels:
Resistance: 574–576 → 583–585
Support: 570, 563, 557–560
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.