Current Price: 20,606 (-0.28% from yesterday’s close at 20,665)
Additionally, the POC and VWAP from February 28 align near the current price, but a more significant level stands at 20,700, which was the value area low of November 15 and 19 and a naked level from November 18. This makes it an institutional-grade level from a past consolidation phase—effectively, an area where major players have previously taken action.
? 20,733 – First line of defense for bears. This was the value area low of March 3. Bulls must reclaim this level before challenging further upside.
? 20,895 – 20,905 – Heavy confluence zone including:
POC of March 3Value area high of February 28Value area low of February 27Major historical levels from November 15–22? 20,955 → 21,032 → 21,050 – Stacked levels of interest, including:
February 27 VWAPFebruary 27 POCFebruary 25 Value Area Low? 21,101 – Value area high of March 3
? Today's Nasdaq Futures: Key Support Levels Below
Value area lows from February 28 & March 3
? 20,478 – Yesterday’s VWAP – A critical level to hold if bulls want to maintain a rebound structure.
? 20,311 – Value area low of yesterday – Losing this level would indicate an increasing downside momentum.
? 20,135 – Value area low of March 4, a deeper support level that many algorithms and institutional traders will monitor.
Nasdaq remains in a short-term range since March 4, with price oscillating between key liquidity zones.A test of 20,665 (yesterday’s close) remains likely, which aligns with a critical pivot from January.If price clears 20,733, bulls may target the confluence-heavy 20,895 – 20,905 zone.Failure to hold 20,478 (yesterday’s VWAP) could see a test of deeper supports at 20,380 – 20,311.
Trade Management Considerations
Partial profit-taking: These mapped levels provide natural exit points where traders can scale out rather than aiming for all-or-nothing moves.Assess reactions at key zones: Absorption, breakouts, and failed moves can provide insights for next trade setups.? Trade the Nasdaq at your own risk. For additional perspectives, visit ForexLive.com.
This article was written by Itai Levitan at www.forexlive.com. Read More Details
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