NQ: After the Bell 07/29/2025
The market tested 23640–23660 before sellers faded the rally into 23450. Bias leans neutral-to-bearish into Wednesday with 23400 downside risk.
Market session briefing for Tuesday & Game Plan for Wednesday:
📊 Nasdaq Futures Report
📆 Tuesday: July 29, 2025
🕓 Analysis Window: (18:00 → 17:00 ET) + higher timeframe structure
💡 Focus: Order intensity, intraday structure, and directional bias
🔍 Narrative Summary
Nasdaq futures extended higher in early trade, pushing through prior resistance before encountering heavy selling near 23640–23660. Aggressive order flow hit into the highs, triggering a late-session reversal back toward 23450. The most notable absorption occurred on the morning rally, where sellers defended the upper range and prevented continuation. Price faded into the NY afternoon, confirming supply control into the close.
Bias remains neutral-to-bearish into the next session, with the potential for responsive selling from 23640–23660 and downside targets toward 23400 if supply holds. If buyers can reclaim and hold above 23660 with volume, upside targets reopen toward 23750+.
📌 Note: 07/29/2025 Red Folder Economic Events:
| Event | Date | Time (ET) |
|---|---|---|
| Goods Trade Balance | 07/29/2025 | 08:30 |
| JOLTS Job Openings | 07/29/2025 | 10:00 |
📌 Note: 07/30/2025 Red Folder Economic Events:
| Event | Date | Time (ET) |
|---|---|---|
| ADP Employment Change | 07/30/2025 | 08:15 |
| GDP Growth Rate QoQ | 07/30/2025 | 08:30 |
| FOMC | 07/30/2025 | 14:00 |
| FOMC Presser | 07/30/2025 | 14:30 |
📌 Note: FOMC at 2:00 PM trade accordingly, manage risk.
🔮 Wednesday - Next Session Game Plan
📈 Base Case – Responsive Range
Open Inside 23500–23640
→ Expect fades from 23640–23660 into 23480–23500
→ Price likely oscillates around 23500 as a magnet zone
📉 Breakdown Risk
Loss of 23480
→ Clears Demand/support
→ Exposes 23400 → 23360 → 23280 → 23200
⚠️ 23400 (4H) = Trend demand zone / structural inflection
→ Watch for volume confirmation — avoid chasing into low-liquidity zones
🚀 Breakout Scenario
Sustained acceptance above 23660
→ Clears Supply/resistance
→ Opens path toward 23750 → 23820 → 23900 → 24000
⚠️ 23660 (15m) = Trend supply zone / structural inflection
→ Watch for volume confirmation — avoid chasing into low-liquidity zones
🧊 Key Heatmap Observations
🔹 23450 → 18,267 @ 07/29 15:45 – Late-day sell program into prior low-volume pocket
🔹 23560 → 23,327 @ 07/29 10:30 – Heavy sell wall defending morning rally peak
🔹 23570 → 20,573 @ 07/29 10:00 – Strong absorption at intraday resistance
🔹 23580 → 20,156 @ 07/29 09:45 – Initial rejection from upper range high
🔧 Price Clusters by Timeframe
| Timeframe | Price Levels | Notes |
|---|---|---|
| 15min | 23640–23560 | Short-term supply defense, rejection zone |
| 30min | 23625–23445 | Key battle zone from RTH highs to late-day lows |
| 1H | 23560–23500 | HVN with active selling, pivotal for directional bias |
| 4H | 23500–23400 | High volume demand shelf |
| 1D | 23000–22900 | Major composite demand |
| 2D | 22950–22050 | Longer-term macro demand shelf |
📈 Stay objective. Trade your plan with context.