US open playbook update: Bears break 23,319, now testing 23,142 pivot
Lower highs/lows in London foreshadowed the pullback; rejection at Micro 2 (23,228) and VAL confirms that deeper sellers are in control.
1. Session recap
- Warning Signs: During the London session, price formed lower highs and lower lows—a clear "front‑row" signal that bulls were losing their grip.
- Key Failure: Instead of reclaiming Micro 5 at 23,319.75, NQ decisively broke below it, triggering an accelerated sell‑off.
2. Technical update
- Micro 4 & Micro 2 Breached: After losing 23,319, sellers drove price through Micro 4 (23,281) and Micro 2 (23,228).
- Major Pivot Hit: The decline found momentary support at the 23,142 pivot—but this bounce is already fading.
- Rejection Zones:
- Attempted recovery into Micro 2 at 23,228 was sharply rejected.
- Price also failed to hold above the current VAL line, reinforcing bearish conviction.
Nasdaq 100 Futures price chart courtesy of TradingView | Playbook by MacroStructure dot connect
3. What's next?
- Bearish Edge: As long as price remains below 23,228 and VAL, look for further downside toward the next anchor levels:
- 23,108 (Low of the day)
- 23,000–23,020 (psychological support zone)
- Short Entries:
- On rallies into 23,228–23,250, consider shorting with tight stops above 23,268. Watch for rejection before pulling the trigger.
- Aggressive Bullish Reversal:
- Only a clean reclaim and hold above 23,319.75 invalidates the bearish bias.
Author
Denis Joeli Fatiaki
Independent Analyst
Denis Joeli Fatiaki possesses over a decade of extensive experience as a multi-asset trader and Market Strategist.
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