Today’s NQ move set up as a classic confluence reaction: price flushed into the Pre‑Market Low (PML) and the Initial Balance Low (IBL) area near 25480, held the level, and pushed higher. This is the kind of reaction we look for when multiple higher‑importance levels overlap.
Quick Notes
- Instrument: NQ (NASDAQ‑100 futures)
- Date: 2025‑11‑11
- Key Levels: PML, IBL (~25480)
- Context: Buyers defended confluence support; rejection led to a constructive push away from the zone.
Why It Mattered
Confluence between session structure (IBL) and a higher‑order reference (PML) often creates high‑quality inflection zones. The first clean rejection with follow‑through is typically the highest odds.
Takeaways
- Prior higher‑timeframe levels remain relevant intraday when they overlap with IB.
- Define risk just beyond the confluence; look for confirmation before committing.