The Nasdaq 100 futures (NQ_F) have shown notable price movements and technical levels in recent trading sessions. The 829 level represents a 38% retracement from last Wednesday's low, coinciding with minor support around 816. Immediate resistance is identified at 959, with a key volume pivot area at 904 that could influence further price action. Lower momentum levels include 008, with potential rotation back to 950, which aligns with a 50% retracement near 936 and prior volume pivots at 928 and 932. Traders have observed volume pivots at 022 and 045 during the European session, indicating possible downward momentum. The market has been choppy, particularly following the Federal Open Market Committee (FOMC) meeting, where an initial break below the previous day's close at 5625 triggered aggressive liquidation of long positions, but failed to attract larger players. A bounce was seen from the PWK VWAP at 5595. The E-mini S&P 500 futures (ES) have been trading around the quarterly pivot at 5617, with upside targets at 5657, 5699, 5725, and 5770, and downside levels ranging from 5617 down to 5506-5516. The Nasdaq 100 futures are currently fluctuating between flatten zones of 19747 and 19808, with a downside target near 19450 if these levels break. Overall, the market has experienced volatility and mixed trading activity amid recent economic events.
What a mess today was. The initial break lower after the #FOMC, back below yesterday's close at 5625, saw longs aggressively liquidate 💥 but this failed to draw bigger players. We bounced from the PWK VWAP at 5595 🔄. There were a couple of other plays today, but that was the
What a mess today was. The initial break lower, back below yesterday's close at 5625, saw longs aggressively liquidate 💥 but this failed to draw bigger players. We bounced from the PWK VWAP at 5595 🔄. There were a couple of other plays today, but that was the cleverest and the
Some levels for the afternoon- ES churning quarterly pivot 5617. Upside is 5657 and 5699, 5725, *5770*. Downside 5617 to 5585 to 5559 back to *5506-16* NQ churning between flatten zones 19747–19808. Under here we target *19450**