Nasdaq Futures Analysis – TradeCompass Levels for Today
Current Price: 17,360 Last Updated: April 9, 2025
Bias Thresholds
Bearish Bias Below: 17,450 (Short interest zone: 17,440–17,460 – consider fading rallies into that area)
Bullish Bias Above: 17,550 (Sustained move above this level shifts control to buyers – aligns with the Value Area Low from two days ago)
If you're shorting around the trigger zone or already holding a short bias, here are the key junctions for partial profit-taking:
17,183 – Near the 1st Upper Standard Deviation of today’s VWAP
16,813 – Just above today’s Value Area Low
Profit Targets – Bullish Side
17,692 – Just below yesterday’s Point of Control (POC)
18,130 – Well below yesterday’s Value Area High
How to Use the TradeCompass
Stay Tactical: Consider one direction at a time. If you're in a short, focus on downside targets unless the bullish threshold is breached. Once it is, you're open to switching sides. Max of two trades per direction is advised per TradeCompass session.
Partial Profit-Taking: Use the target junctions to scale out gradually. Don’t rely on hitting the final target — trading is about risk control and tactical gains.
Discipline Is Key: Manage your stops wisely. After hitting first or second targets, consider adjusting your stop-loss to breakeven.
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This article was written by Itai Levitan at www.forexlive.com. Read More Details
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