Nasdaq Futures Technical Analysis Summary

Date: July 7, 2025

Author: Itai Levitan

Current Market Overview

As of the analysis, Nasdaq futures (ticker NQ) are trading at 22,945. The market is currently positioned just below the bearish threshold of 22,965, indicating a bearish bias for the day.

Bearish Scenario

The bearish threshold is set at 22,965. If the price remains below this level, traders should consider the following partial profit targets:

• 22,932: Initial target for quick risk reduction.
• 22,914: Secondary target; consider moving stop-loss to entry after reaching this point.
• 22,895: Strong support level just above the value area lows, potentially halting downward momentum.
• 22,857: A deeper bearish target.
• 22,833: Slightly above last Thursday's Point of Control, likely to attract price action.
• 22,785: Suitable for those expecting sustained downward momentum.
• Runner Target: 22,561: An aggressive target for swing traders, positioned above the Value Area Low from June 26th.

Bullish Scenario

The bullish threshold is activated above 23,000. If the price crosses and holds above this level, the following profit targets should be considered:

• 23,040: Initial quick-profit target, slightly below the starting VWAP from July 4th.
• 23,055: Close secondary target; consider moving stops to entry upon reaching this target.
• 23,096: Positioned just beneath the Value Area High from July 3rd, a crucial resistance point.
• Runner Target: 23,230: Aggressive bullish target located just under the third upper VWAP deviation from July 3rd.

Educational Insight: Volume Profile & Value Areas

Volume profile analysis is essential for identifying price zones of active trading. The Value Area Low (VAL) and Value Area High (VAH) define the range of significant trading activity, serving as critical reference points for traders. Prices often interact with these zones, making them ideal for partial profit-taking and trade management.

Trade Management Reminders

• Limit yourself to one trade per direction according to Trade Compass principles.
• After the second partial profit target, consider moving your stop-loss to entry.
• Maintain flexibility in trade confirmations based on your personal trading methodology.
• Keep stop-loss placements logical and tied directly to the identified Trade Compass thresholds.

Conclusion

This analysis provides a framework for trading Nasdaq futures based on current market conditions and technical levels. Traders should remain vigilant and adjust their strategies according to market movements and personal risk tolerance.