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.