The daily and intraday structure remain consistent after the pivotal retracement on December 19
Nasdaq March Futures (NQH) – Asia, London and New York
Market context
This update is a direct continuation of the desk work published on December 19using Same daily and intraday charts and reference levels It was drawn before this step. The goal remains unchanged: to document how price behaves around a predetermined structure as the rotation develops, rather than predicting outcomes.
Daily structure
March futures contracts on the Nasdaq closed Christmas week Above Micro 1 at 25,794marking a major development on the daily time frame yet Central axis restored 25,405 on December 19as described in the previous office update.
From a structural perspective, the market has now shifted from… The undercarriage is in the upper half of the rangecovers more than 300 points From the initial rebound. While rotation is technically beneficial It remains incomplete.
the The descending resistance band and micro 2 are at 26,036 Continue to set a price ceiling. This area has already introduced frequency and continues to do so The main obstacle Before acceptance of the superstructure is confirmed.
At this point, the market is no longer testing the recovery, it is experiencing it Continuation inside the structure.
Main daily references
- 25,794 (micro 1):
Daily front-line support. Staying above this level keeps the current cycle intact. - 26,036 (Micro 2):
Major resistance. Continued acceptance above this level would complete the rotation in the upper structure. - 25,405 (central axis):
A loss of 25794 would reopen this level as the next bearish reference without changing the broader framework.
The daily structure remains unchanged and continues to guide price behavior cleanly. This frame is best suited for Positioning on the higher time frame and weekly swing contextwhile intraday engagement is framed by acceptance and rejection around the same reference points.
Daily structure — 15 minutes
On the 15-minute chart, the turnover is above Micro 4 at 24,924which had been established late the previous week, continued to hold up through the holiday period. This move succeeded in recovering and holding The central pivot for the day is at 25,514while keeping the daily structure in line with the broader daily framework.
all week long, Micro 1 at 25,739 It served as a support for the business, promoting progress to the upside. Intraday price behavior continues to reflect the daily structure, with acceptance developing above the central axis rather than a momentum-driven extension.
While the alternation in the upper momentary structure has progressed, it still remains patchywith the price continuing to operate within a specific two-way environment.
Key references during the day
- 25,514 (central axis):
Initial decision point. Sustained trading above this level keeps the intraday structure consistent with the daily frame. - 25,739–25,879 (micro 1–2):
Immediate bullish reference zone. Acceptance above micro 2 would open the way towards full rotation. - 25,992–26,265 (micro 3–5):
Higher structure references that are emphasized only after sustained acceptance above micro 2.
On the negative side, Failure to stabilize above 25,514 It would shift attention back towards the undercarriage, thus Micro 5-4 at 25184 and 24924 Getting back to playing, without disrupting the broader daily structure.
As the market moves into the upcoming sessions, intraday price behavior continues to respect pre-established structural levels, reinforcing a structure-led environment.
This desk update aims to document how price and structure interact as the rotation develops, helping to frame risks in the next session rather than predicting outcomes.
The structure determines the battlefield before the price arrives. Levels are present early on. Price interaction around those levels provides information. This office documents behavior and acceptance across time frames, focusing on responses rather than reactions and on context rather than prediction.
