📊 MNQ MARKET UPDATE — AUG 19
🟡 BIAS: NEUTRAL → SLIGHTLY BEARISH
MNQ bounced back after yesterday’s heavy selloff, but buyers haven't fully taken control yet.
The Nasdaq finished today around -0.2%, while the broader market recovered as Treasury yields eased.
🎯 LEVELS TO WATCH
🔴 29,600–29,700 → Key resistance / reclaim zone
🟢 29,500 → Immediate support
🟢 29,300–29,400 → Deeper support
🔴 30,000+ → Major psychological resistance
📈 BULLISH SCENARIO
If MNQ reclaims 29,600–29,700 and holds above it with a higher low, I'd look for continuation toward 30K.
📉 BEARISH SCENARIO
If price rejects the 29,600–29,700 area and loses 29,500, I'd be watching for another move toward the lower support levels.
⚠️ KEY: Don't force a trade in the middle of the range. Let MNQ come to the levels and wait for confirmation.
Current bias: 🟡 Neutral / Slightly Bearish
Patience > FOMO. 📈📉
Market analysis only — manage your own risk.
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