NQ E-mini NASDAQ 100 Futures Daily Chart Analysis: 2026-Oct-23 07:07 CT

Price Action

• Last: 29027.75,
• Bars: Large,
• Mom: Fast.

WSFG Weekly

• Short-Term
• WSFG Current: -8%
• F0%/NTZ' Bias: Price Below,
• WSFG Trend: Down.

MSFG Month Oct

• Intermediate-Term
• MSFG Current: -82%
• F0%/NTZ' Bias: Price Below,
• MSFG Trend: Down.

YSFG Year 2026

• Long-Term
• YSFG Current: 57%
• F0%/NTZ' Bias: Price Above,
• YSFG Trend: Up.

Swing Pivots

• (Short-Term) 1. Pvt. Trend: DTrend,
• (Intermediate-Term) 2. HiLo Trend: UTrend,
• 3. Pvt. Evolve: Pvt low 29027.75,
• 4. Pvt. Next: Pvt high 30114.50,
• 5. Levels R: 31616.50,
• 6. Levels S: 29027.75, 27500.75, 23543.00, 22851.00, 22570.25.

Daily Benchmarks

• (Short-Term) 5 Day: 29587.75 Down Trend,
• (Short-Term) 10 Day: 30106.25 Down Trend,
• (Intermediate-Term) 20 Day: 30541.25 Down Trend,
• (Intermediate-Term) 55 Day: 30115 Down Trend,
• (Long-Term) 100 Day: 30001.50 Down Trend,
• (Long-Term) 200 Day: 28425.25 Up Trend.

Additional Metrics

• ATR: 1618,
• VOLMA: 626746.

Recent Trade Signals

• 23 Oct 2026: Short NQ 12-26 @ 29097 Signals.USAR-WSFG
• 22 Oct 2026: Short NQ 12-26 @ 29544 Signals.USAR.TR120

Overall Rating

• Short-Term: Bearish,
• Intermediate-Term: Bearish,
• Long-Term: Bullish.

Key Insights Summary

Price is in a fast, high-range decline from the October swing high near 31616.50 and has reached the active 29027.75 swing-low support. Short-term structure is bearish, with price below every benchmark through the 100-day average and both weekly and monthly Fib-grid readings below their F0% levels. The intermediate HiLo trend remains upward, creating a countertrend condition within the larger 2026 advance; however, the current decline has produced lower highs and lower lows. The 200-day average remains rising beneath price near 28425.25, while the next lower structural support is 27500.75. A recovery through 30114.50 would establish the next short-term pivot-high reversal threshold.