TradeCompass – Nasdaq Futures Analysis for Today
Current Market Context for NQ Today
Nasdaq futures are trading around 19,450, aligning closely with today’s VWAP and yesterday’s closing VWAP at 19,440. Despite choppy price action, our OrderFlow Intel from earlier today suggests bullish hints in the order flow.
The key bullish threshold for today is 19,460 (today’s POC)—a sustained move above this level confirms a bullish outlook, while failure to hold it keeps the market neutral or bearish.
The CPI report release is on the horizon, adding potential volatility, so risk management is essential.
Bullish Trade Plan for NQ Today
- Bullish Above: 19,460 (Today’s POC)
- Profit Targets:
- 19,480 – Value Area High (VAH) of today
- 19,518 – Historic key level
- 19,544 – First Upper Standard Deviation of Yesterday’s VWAP
- 19,566 – Just below VAH of yesterday
- 19,648 – Just below VWAP from two days ago
- 19,770 – Just below VAH of two days ago
Trade Consideration: A breakout above 19,460 signals bullish momentum, and partial profits should be considered at these levels to mitigate risk.
Bearish Trade Plan for NQ Today
- Bearish Below: 19,407 (Historic Key Level)
- Profit Targets:
- 19,359 – Just above VA Low of yesterday & two days ago
- 19,326 – Historic key level
- 19,292 – Near lowest VWAP point of yesterday
- 19,230 – Second Lower Standard Deviation of Yesterday’s VWAP
Trade Consideration: If Nasdaq breaks below 19,407, selling pressure may accelerate toward the lower profit targets. Partial profit-taking along the way is recommended to manage risk.
Nasdaq Today – Little More Bullish Than Bearish
- The market is range-bound but tilting bullish, with orderFlow Intel for S&P 500 Today showing subtle bullish hints.
- CPI data release is a major event—expect increased volatility.
- Use TradeCompass as an orientation tool—confirm with your methodology and take partial profits at key levels to reduce exposure to sudden reversals.
- Expect 100–200 points of movement on either side depending on momentum.
Trade at your own risk. For additional insights, visit ForexLive.com.