Trading Compass for Nasdaq Futures – January 22, 2025
Nasdaq Futures stock price history: About 21,843 random
Key benchmarks within today's Nasdaq Futures Analysis
- Bull above 21,880
- Bearish below 21,827
Nasdaq Futures Bearish Position
Why 21,827?
Crossing below 21,827 indicates a bearish trend, as the price is moving below key intraday support levels, which could trigger selling pressure.
Nasdaq Bearish Targets:
- 21,817 – Just above the Low Value Area (VAL) that is developing today.
- 21,798 – Close to the psychological round number of 21,800 and slightly above today's opening VWAP.
- 21,777 – Above the High Value Area (VAH) from two days ago.
- 21,765 – Above VAH yesterday.
- 21,732 – Above yesterday's POC and close to the first standard deviation of yesterday's VWAP.
- 21,671 – Above VAL yesterday.
- 21,632 – Just above the VAL from yesterday, indicating a deeper bearish trend.
Nasdaq Futures Bullish Scenario
Why 21,880?
A break above 21,880 would place the price above today's high and the second standard deviation of VWAP, suggesting a strong bullish trend.
Nasdaq Bullish Targets:
- 21,900 – A key round psychological number.
- 21,942 – Just below the next number of 21,950.
- 21,994 – Just below the big round number of 22,000.
Risk Management for Nasdaq Futures Trading
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Taking profit in part:
After hitting the first profit target, consider taking part profits to gain benefits and reduce risk. -
Stop setting:
As soon as profits are taken, move your stop to the entry level to neutralize further risk. -
Range or hunting stop:
Be wary of trades that may be tied to an area or stop hunting around key levels; capital protection is essential.
Why do you use the Trading Compass for Nasdaq Futures?
The Trading Compass provides clear thresholds for bullish and bearish conditions, detailed profit targets, and guidance on risk management, helping you align with professional trading strategies while protecting your capital.
Trade wisely and always adjust your risk according to your personal strategy and capital. A visit ForexLive.com for more.
