NASDAQ 100 E-Mini Futures Analysis (January 9, 2025)

Current overview of the NQ market

• Bearish Bias: The price is currently close 21,250below the critical bearish threshold 21,293. As long as the price remains below this level, the bearish scenario is under control.
• Bullish trigger: Bulls must recover a minimum of 21,293, but even more, 21,310 to shift the bias up. Without this return, bear dominance remains.

Key levels to watch for Nasdaq futures today

Bullish scenario for Nasdaq Futures

If 21,310 was returned (less likely today):

1. Profit Targets for Nasdaq Bulls:

   • 21,350: A zone of moderate resistance and a short-term target for profit.
   • 21,394: Yesterday’s POC and the low value of the area since January 3rd.
   • 21,450: POC from two days ago, providing a strong resistance target.
   • Extended targets in a Nasdaq bull scenario:
     • 21,531: Just below the January 7th VWAP.
     • 21,634: Slightly below the area’s high since January 7.

2. Strategy for Nasdaq Bulls:

   • Partial profit taking is recommended near each target to minimize risk.
   • Hold the runner position if price picks up momentum above 21,450, targeting at extended targets mentioned above.

Bearish scenario for Nasdaq Futues Today

If the price stays below 21,282:

1. Profit Targets for Nasdaq Bears:

   • 21,225: POC dated December 3rd.
   • 21,150: Near the area’s low since January 2nd. Critical line in the sand for further bearish continuation.
   • 21,000: Psychological round number and potential liquidity target.
   • Long term goals:
     • 20,985: Just above the November 21 historical value area.
     • 20,550: Extended swing target for runners.

2. Strategy for Nasdaq Bears:

   • Gradually taking partial profits as each goal is achieved.
   • He’s leaving 20% of your runner position for a potential swing trade towards lower targets.

Trading Tips

• Risk management: Position size and partial profit exit are key. Avoid leaving full positions open to potential reversals.
• adaptability: Use this analysis as a guide, but adjust based on your trading style (eg candlestick analysis, order flow or fundamentals).
• Round numbers and key levels: Levels ending in 50 or 00 they often attract liquidity and act as price magnets.

Summary for today’s Nasdaq futures market

The market is leaning bearish, but there is always potential for bullish reversals if a key trigger level for bulls (21,310) is returned. Use these levels as partial profit-taking zones and watch out for psychological round numbers. For long-term trades, runners target levels such as 20,985 and 20,550 can be a viable strategy depending on market momentum.

Trade at your own risk and actively manage positions to avoid overexposure. Stay flexible and profit along the way! Visit ForexLive.com for additional reviews.