The Nasdaq futures market ($NQ_F) is currently experiencing a period of consolidation, with traders observing key levels and potential price movements. Analysts suggest that as long as the market remains below 5813 on a closing basis, it may test the support level at 5688. Recent trading activity indicates significant volume around the 307 area, hinting at profit-taking. The daily closing level of 355 is considered crucial, with a momentum level at 361. Traders are also monitoring the bull pivot at 5820, with a potential upward target of 5859 if the market bids from this level. The bulls appear to be in control, although some traders express caution about potential pullbacks, especially with the recent volatility in the ZB market impacting sentiment. The market's reaction to these levels will be pivotal in determining the next direction for Nasdaq futures.