Pre-NY Session Brief | Friday 24 April 2026 | 13:00 London / 08:00 New York / 22:00 Tokyo
London did more than hold. The Nasdaq 100 ripped from 26,917 at the open to 27,177 by midday, a 260-point move that blew through the first target at 26,962 without pausing. The chart now reads long at 97% but with a caution flag: T1 is reached. The signal says take partials, not add. That is the kind of discipline that separates a good entry from a profitable exit.
Sentiment has shifted from 32 to 42 in a single session. Still neutral, still cautious, but the crowd is warming up. The move happened on genuine buying, not a short squeeze. Volume and flow confirm real demand. Structure is mixed but the bigger picture confirms the channel floor held and buyers stepped in with conviction. Oil has pulled back from yesterday’s $97 spike, easing inflation pressure and giving tech room to rally.
Scoring the Pre-London Call
What the Chart Says Now
The picture has changed since this morning. At 97% conviction the bias is still long, but the caution flag is up. T1 at 26,962 has been hit and price is 215 points above it. The stop sits at 26,866 which is now 311 points below. That is a risk-reward that favours taking some off the table. The channel ceiling sits at 27,902 which gives room above, but momentum is mixed and the chart says size down and keep stops tight.
The key levels from the chart: resistance at 27,902 (channel ceiling), 27,308 (channel midline), and 27,173 (current price area). Support at 26,883 (channel floor), 26,710 (fast guide), and 26,898 (entry/support zone). The stop level at 26,866 is where the trade invalidates.
NY Session Setup
The trade: If you are long from the Pre-London entry at 26,898, T1 is hit. Take partials. Move your stop to breakeven or better. Let the rest run toward the channel midline at 27,308 but do not add here. The move has happened. Chasing 260 points of rally is how you give back the gain.
Oil watch: Crude has eased from yesterday’s $97 spike. If oil continues to fade, it removes the inflation pressure that weighed on tech yesterday and gives the Nasdaq more room. If oil spikes again, the rotation trade returns and tech gives back some of this morning’s move.
Data: US PMI data and Michigan Consumer Sentiment are due this afternoon. Strong data supports the rally. Weak data could trigger profit-taking after a 260-point morning move.
This is analysis, not financial advice. Always manage your risk.
