Nasdaq futures map for today by tradeCompass

tradeCompass – Nasdaq Futures (March 6, 2025)

Current Price: 20,606 (-0.28% from yesterday’s close at 20,665)

Nasdaq futures remain in a three-day range since March 4, with price currently retesting key levels from below. Yesterday’s close at 20,665 has yet to be tested today and sits near a critical pivot point from January 13, 2024 (20,694) on the daily chart.

Additionally, the POC and VWAP from February 28 align near the current price, but a more significant level stands at 20,700, which was the value area low of November 15 and 19 and a naked level from November 18. This makes it an institutional-grade level from a past consolidation phase—effectively, an area where major players have previously taken action.

📈 Today’s Nasdaq Futures: Key Resistance Levels to Watch

🔹 20,733 – First line of defense for bears. This was the value area low of March 3. Bulls must reclaim this level before challenging further upside.

🔹 20,790 – VWAP from March 3, another potential reaction point.

🔹 20,895 – 20,905 – Heavy confluence zone including:

• POC of March 3
• Value area high of February 28
• Value area low of February 27
• Major historical levels from November 15–22

This zone marks a high-probability area for market participation, making it a logical partial profit-taking level for longs.

🔹 20,955 → 21,032 → 21,050 – Stacked levels of interest, including:

• February 27 VWAP
• February 27 POC
• February 25 Value Area Low

A strong bullish push could use these as progressive profit targets.

🔹 21,101 – Value area high of March 3

🔹 21,336 – 21,375 – Value area highs of February 26–27, marking an extended bullish target.

📉 Today’s Nasdaq Futures: Key Support Levels Below

🔹 20,535 – 20,550 – Closest major support, including:

• Value area lows from February 28 & March 3

🔹 20,478 – Yesterday’s VWAP – A critical level to hold if bulls want to maintain a rebound structure.

🔹 20,380 – VWAP from March 4 + POC from yesterday – A break below weakens the bullish case further.

🔹 20,311 – Value area low of yesterday – Losing this level would indicate an increasing downside momentum.

🔹 20,200 – POC of March 4

🔹 20,135 – Value area low of March 4, a deeper support level that many algorithms and institutional traders will monitor.

📌 Nasdaq Futures Market Outlook & How to Use These Levels Today & Tommorrow

• Nasdaq remains in a short-term range since March 4, with price oscillating between key liquidity zones.
• A test of 20,665 (yesterday’s close) remains likely, which aligns with a critical pivot from January.
• If price clears 20,733, bulls may target the confluence-heavy 20,895 – 20,905 zone.
• Failure to hold 20,478 (yesterday’s VWAP) could see a test of deeper supports at 20,380 – 20,311.

Trade Management Considerations

• Partial profit-taking: These mapped levels provide natural exit points where traders can scale out rather than aiming for all-or-nothing moves.
• Assess reactions at key zones: Absorption, breakouts, and failed moves can provide insights for next trade setups.

tradeCompass isn’t about guessing the next move—it’s about understanding where the market is likely to react and helping traders position accordingly.

📊 Trade the Nasdaq at your own risk. For additional perspectives, visit ForexLive.com.

This article was written by Itai Levitan at www.forexlive.com.