tradeCompass: Nasdaq Futures Today – Key Levels & Trade Plan
Nasdaq Price Analysis – Current Market Context
- Nasdaq Futures Price (NQ – Contract in Front): $19,589
- Intraday Trend: Consolidating below $19,600 resistance
- tradeCompass Bias:
- Bearish below $19,575 (yesterday’s VWAP support)
- Bullish only if support holds and price sustains above key levels
Short-Term Bearish Outlook (Below $19,575)
Currently, Nasdaq Futures are struggling with resistance near $19,600, where multiple key levels are aligned:
- $19,601 → Today’s VWAP
- $19,603.5 → Today’s Point of Control (POC)
📌 Short-term bearish bias remains intact unless price breaks above this zone with confirmation.
Potential Short Entry Consideration
If price fails to break $19,600 convincingly, traders may consider shorts toward key support at $19,577 – $19,570 (yesterday’s VWAP).
- If $19,575 support holds → Consider a bounce play (bullish scenario)
- If $19,575 breaks convincingly → Bearish outlook strengthens
🎯 Confirmation Tip: Wait for sustained movement below $19,575 rather than a short-term dip to avoid premature entries.
Bearish Targets (If Price Breaks Below $19,575)
1️⃣ $19,523 → First bearish target
2️⃣ $19,502 → Just above Friday’s Value Area Low (VAL)
3️⃣ $19,475 → Friday’s 1st lower VWAP deviation
4️⃣ $19,412 → Key support zone above Thursday’s VWAP close
5️⃣ $19,356 → Just above Thursday’s Value Area High (VAH)
📌 Bearish traders may consider taking partial profits at each of these levels to mitigate risk.
Bullish Trade Plan (If $19,575 Support Holds)
If buyers defend $19,575, a potential rebound could unfold toward key resistance zones.
Bullish Profit Targets (If Price Holds Above $19,575 and Moves Higher)
1️⃣ $19,599 → First resistance below today’s POC & VWAP
2️⃣ $19,619 → Just below today’s Value Area High (VAH) & 1st upper VWAP deviation
3️⃣ $19,640 → 2nd upper VWAP deviation
4️⃣ $19,660 → 3rd upper VWAP deviation
5️⃣ $19,669 → Friday’s POC (a potential major resistance area)
6️⃣ $19,713 → Extended bullish target if momentum sustains
🛑 Key Bullish Consideration:
- Price must first test $19,575 before activating the bullish threshold.
- No automatic bullish bias just because price is above $19,575 – confirmation is needed.
Nasdaq Futures Today – Key Takeaways
- $19,575 acts as today’s “line in the sand” – holding above keeps the bullish scenario alive, while breaking below favors bearish continuation.
- Bearish traders may short below $19,600 resistance toward $19,575.
- Bullish traders must wait for a confirmed hold at $19,575 before targeting higher levels.
- The current market remains range-bound, with potential liquidity traps near key levels.
🚨 Trade at your own risk. tradeCompass provides decision-support insights, not financial advice.
🔎 For more Nasdaq price analysis and futures insights, visit ForexLive.com.
⚠️ Key Note on $19,570-$19,575:This area is very important, and even if price pierces below it briefly, traders should be patient to see if it ultimately holds, as this could provide an excellent long entry. However, given that we are still in an intraday trading range, traders should avoid committing to a large long position and simply hoping for the best—instead, they should mitigate risk by using the key price levels mentioned as logical exit points to take partial profits along the way.
This article was written by Itai Levitan at www.forexlive.com.
