Nasdaq Sep futures: Holding micro-4 at 23,888 — 24,052 ; Is the gate to the next leg higher?
|Swing map unchanged: buy Micro 1–2, sell Micro 5–4. Breakout requires acceptance above the daily pivot at 24,052; failure keeps price rotating lower toward 23,799 → 23,710 → 23,599.
- After a clean impulse off Micro-1 23,599 (circled) price stair-stepped through 23,710 → 23,799 → Micro-5 24,015, then stalled with a rejection just under the daily pivot 24,052 (circled).
- We are balancing above Micro-5 (24,015). That’s the line in the sand for the current upswing.
Actionable levels
- Breakout trigger: 24,052 (daily critical pivot). Acceptance above (15-min closes + hold) unlocks 24,015 → 24,177 and continuation higher.
- Support ladder: 23,888 (Micro-4) → 23,799 → 23,710 → 23,599 (Micro-1 base). Lose 23,888, and the rotation lower likely continues down that ladder.
- Fade zone: 24,015 – 24,052 (prior rejection/supply). Look for failure signals here if momentum/volume don’t confirm.
Swing setups (MacroStructure rules)
- Long bias: From Micro-1/2 pullbacks or a reclaim of 23,888–23,950 with confirmation (VWAP/POC reclaim or momentum cross-up).
- Targets: 23,999–24,015 → 24,052 → 24,177.
- Invalidation: Sustained trade below 23,870 or a heavy-volume breakdown through 23,888.
- Short bias: Into Micro-5/4 or 24,015–24,052 on rejection (as shown by the last failed push).
- Targets: 23,950 → 23,888 → 23,799 → 23,710, stretch 23,599.
- Invalidation: Acceptance above 24,052 (don’t fight a confirmed break).
Higher-time-frame check
- Keep a 15m/1h/4h/daily lens on structure and VWAP/volume profile. A daily close above 24,052 would confirm a fresh leg higher; a close back below 23,888 shifts bias to mean-reversion toward 23,710/23,599.
Bottom line
- If 23,888 holds and 24,052 is reclaimed → trend extension.
- If 23,888 fails → expect rotation down the support ladder (23,799 → 23,710 → 23,599).
- No chase—wait for structure + signal alignment, then execute.
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