Michael gives a pre-market review of the Nasdaq futures (NQ), recapping yesterday’s livestream and outlining a short bias based on liquidity structure and price/time alignment.

Key points:

– He graded two pools of liquidity anchored to specific lows and drew an equilibrium line; anything above that premium side was a candidate to short aiming to push below those lows.
– Yesterday’s market showed a rapid “blowoff” drop, a deferred delivery back into the range, then a selloff that ultimately hit the targeted area (just below his graded level).
– He emphasizes looking for algorithmic behavior tied to specific price/time windows (notably ~9:50–10:10), stop hunts, and precise price anchors rather than vague indicators.
– A preferred setup was a candlestick overlapping a gradient level forming an inversion/fair-value-gap (an ICT-style validation) used to enter shorts; the execution produced the expected speed and distance.
– Quick ES (S&P) note: price action there displayed clean imbalances and efficient runs—ideal low-resistance liquidity conditions—whereas congested, candle-stacking markets are less desirable.
– Practical advice: establish a premise, grade ranges by time and price, watch for inefficiencies/imbalances, manage risk (take profits or reduce size if the market becomes choppy), and let price/time align before committing.

He closes saying he’ll provide a forex/dollar update after the futures session.