$NQ Weekly Plan - 18th May'26
Buyers have their work cut out. Sellers have an Opening!
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📅NQ Weekly Reflective Study
🧭 Market Structure Overview
Daily: 3D Balance (29,102 - 29,769)
Weekly: OTFU (Ends 28,742)
Monthly: OTFU (Ends 23,678)
What Happened Last Week
NQ continued to print higher weekly lows for six consecutive weeks and this past week was no different, with yet another higher low at 28,745, after value Gap fill at 28,799 within prior Thursday’s range. Buyers reclaimed Intraday Pivot (28,925/55) followed by Upside Pivot (29,304/40) to print new daily highs through Wednesday and Thursday. In the process Thursday converted Wednesday high into Support during IB Period for another nATH on Thursday (29,782) for 2026.
The most notable development occurred on Wednesday, when NQ opened on a Value Gap up, backtested Tuesday’s VAH (29,139), a level that coincided with Friday’s IB High (29,104) as well. The reason the backtest hold of 29,104/39 was critical, because it was the first “breakdown” session and buyers had to validate Tuesday’s late day recovery. As a result NQ continued to grind up overnight and into Thursday.
Structural Outcome & Way Forward
From hereon, the key is to observe whether short term sellers can sustain Friday’s Value Gap down session (29,634) and initiate a rotation towards 28,655 (Weekly NVPOC) to put Weekly in Balance or will buyers hold onto Weekly VAL 29,092 to keep control of the auction
The below structural developments confirm buyers are currently in control after closing inside last week’s value and defending prior Week’s VAH 28,982. However, Friday’s sustained Gap down and inability to fill the gap despite being in an uptrend, suggests sellers may have an opening, one that must be proven:
