Let’s analyze the Nasdaq 100 Futures (NQ) based on its daily chart performance as of the market close on Friday, June 27, 2025.
Overall Trend and Price Action:
- The Nasdaq 100 futures have been exhibiting a strong upward trend in the medium to long term. This is indicated by the continuous rise in price and the general sentiment of increasing buy interest among investors.
- Recent price action suggests the index has been maintaining its bullish momentum, closing higher on Friday, June 28th, with the September 2025 contract (NQU5) closing around 22740.25, up over 70 points.
- The index has consistently been making higher highs and higher lows, a classic sign of an ongoing uptrend.
Key Levels (Support & Resistance):
- Current Resistance/New Highs: NQ has been trading near or at all-time highs. The June 27th data indicates a high of 22,825.50, which acts as immediate resistance or a level to watch for potential breakouts.
- Immediate Support: Given the recent upward movement, immediate support levels would be observed around the 22,600-22,670 range, which was Friday’s settlement and low.
- Stronger Support: Looking back at recent data, there’s a notable support area around 21,500-21,700. Some analyses mention a “return towards the low liquidity zone around 21,700” if there’s a negative reaction to economic news. Further, levels like 21,440 and 20,340 have been identified as significant medium-term pivotal support points. A breakdown below these levels could signal a shift in the bullish scenario.
