tradeCompass: Nasdaq Futures Today – Key Levels & Trade Plan
Nasdaq Price Analysis – Current Market Context
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.
This article was written by Itai Levitan at www.forexlive.com. Read More Details
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