Nasdaq trading map by TradeCompass

Trade Compass – NASDAQ Futures (February 17, 2025, and perhaps for this week, depending on how NQ price develops… Check out these key price levels on the map)

NASDAQ Futures is currently trading at 22,230, sitting just slightly below today’s VWAP, which is around 22,233. At this moment, the market is neutral, and Trade Compass remains inactive until price moves beyond the bullish or bearish thresholds outlined below.

📈 Bullish Scenario (Above 22,237)

• Bullish activation level: 22,237 (above VWAP and a recent HVN)
• Short-term targets:
  • 22,245 – Quick profit target, just below today’s Point of Control (POC)
  • 22,257 – Another quick profit target, just below today’s Value Area High (VAH)
• Extended targets:
  • 22,292 – Third upper VWAP standard deviation
  • 22,350 – Semi-round number, potential resistance
  • 22,397 – Just under 22,400, a psychological resistance
  • 22,422 – All-time high, a major liquidity magnet

💡 Key Insight:

• If NASDAQ trades above 22,237, bullish momentum is expected to increase.
• The all-time high (22,422) could act as a magnet, with stops and liquidity positioned around that level.
• Bulls should consider taking partial profits at key levels to manage risk and avoid reversals.

📉 Bearish Scenario (Below 22,165)

• Bearish activation level: 22,165 (below Friday’s VAH at 22,170, still a naked level)
• Short-term targets:
  • 22,142 – Above Friday’s VWAP, a reasonable profit-taking zone
  • 22,135 – Above Friday’s POC, additional short target
  • 22,110 – Near Friday’s VAL (value area low)
• Extended targets:
  • 22,061 – Key price level for further downside
  • 22,035 – Near Thursday’s VAH (22,031), potential support

💡 Key Insight:

• If price breaks below 22,165, bearish pressure could accelerate.
• Profit-taking along the way is recommended to mitigate risk—especially if the market is still trading in a range.

🚦 Current Market Status: Neutral

• NASDAQ is neither bullish nor bearish yet.
• Trade Compass activates only if price crosses the bullish or bearish threshold.
• Traders should wait for confirmation before considering a position.

🛠 How to Use This Trade Compass

• Some traders trade directly off these levels for profit targets.
• Others use them for scalping or fading moves near these key price levels.
• The goal is not to go all-in on one move but to take profits incrementally and reduce exposure as the trade progresses.

⏳ Reminder: Markets often trade in ranges, not always in breakout mode. Taking profits at structured levels can prevent frustration if price reverses.

📍 For additional market insights, visit ForexLive.com

Have a great trading week! 🚀

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