NASDAQ Price Prediction and Analysis: Key Levels to Watch Today.

Don’t cut it yet…

The NASDAQ 100 E-mini futures were already up there 1.5% today it is high, so far close 21,850 at the time of this analysis. This strong performance reflects growing optimism in the broader market and positions the NASDAQ as a critical indicator of overall market sentiment.

NASDAQ Price Prediction: Key Levels and Scenarios

Important support: 21,735

• The Point of Control (POC) because today is 21,735which represents the level of the highest trading volume. As long as the price is above this level, there is no compelling reason to adopt a bearish view.
• Traders should watch this level carefully for signs of strength or weakness in the market.

Upside Targets and Possible Price Magnets for NASDAQ Futures Today: 22,000 and 22,060

• 22,000: Key level of psychological and technical resilience. It is a magnet for liquidity and a potential point for price consolidation.
• 22,060: Positioned just above 22,000, this level could act as upper resistance today.

If price maintains momentum and clears this zone, the next upside targets are:

• 22,300: Potential resistance zone for a bullish continuation.
• 22,385 to 22,450: A wider range of resistance where traders can expect significant selling pressure.

Potential bearish scenarios

• If the price goes above 22,060 but then it falls below 22,010this could signal weakness.
• To confirm a bearish reversal, traders should look for:
  • One 30-minute candle closing below 22,010or
  • Two consecutive candles for 30 minutes below that level for more confirmation.

In such a scenario, profit taking on long positions or short trades targeting the following levels could be viable:

• 21,735 (POC)
• 21,700 and 21,670: Key support groups below the POC.

NASDAQ Today: Market Outlook

• Bullish Momentum: Bias remains bullish as long as price holds above 21,735.
• Consolidation or retreat?: Switch to 22,000–22,060 range may lead to consolidation before further directional movements.
• Downside Risks: Continuous pause below 22,010 could open the door to testing POC and lower levels of support.

Final Thoughts

Today’s NASDAQ futures analysis points to a cautious bullish outlook, with 22,000 and 22,060 act as key upside targets. A reversal scenario is likely only if the price holds below 22,010leading to potential lower level tests like 21,735. Traders should monitor these levels and price action for insight into the next market move.

Stay tuned for more NASDAQ price predictions and market analysis to effectively navigate today’s market movements. Visit ForexLive.com for additional reviews.