NQ: At the Bell 07/16/2025

Market briefing for the Wednesday RTH open:

📊 Nasdaq Futures Report

📆 Wednesday Open: July 16, 2025 @ 09:30 ET
🕓 Analysis Window: Overnight Globex (18:00 → 09:00 ET) + higher timeframe structure
💡 Focus: Order intensity, intraday structure, and directional bias

🔍 Narrative Summary

Overnight price action built a base above the 22950–22980 cluster, then rotated higher on sustained intensity into the NY open. The key thrust came during the 08:30 PPI release, where size stacked rapidly at 23050–23070, clearing resistance and extending through prior supply. This forms a potential breakout leg that may need digestion early in RTH.
Bias: Bullish continuation with pullback risk toward prior acceptance.

📌 Note: Red Folder Economic Events:

🔮 Wednesday Game Plan

📈 Base Case – Responsive Range

Open Inside 23050–23070 zone
→ Expect fades from 23100–23120 into 23050
→ Price likely oscillates around 23060–23070 magnet zone

📉 Breakdown Risk

Loss of 23000–22980
→ Clears Demand/support
→ Exposes 22960 → 22940 → 22920 → 22900
⚠️ 22900 (1D) = Trend demand zone or structural inflection
→ Watch for volume confirmation — avoid chasing into low-liquidity zones

🚀 Breakout Scenario

Sustained acceptance above 23120
→ Clears Supply/resistance
→ Opens path toward 23140 → 23160 → 23175 → 23180
⚠️ 23175 (4H) = Trend supply zone or structural inflection
→ Watch for volume confirmation — avoid chasing into low-liquidity zones

🧊 Key Heatmap Observations

🔹 23070 → 8672 @ 07/16 08:30 – Heavy absorption as price cleared resistance
🔹 23060 → 9326 @ 07/16 08:30 – Continuation buying on PPI release
🔹 23050 → 4417 @ 07/16 08:30 – Initial reaction buy zone before launch
🔹 22950 → 4300 @ 07/16 03:00 – Globex support held during low liquidity hours

🔧 Price Clusters by Timeframe

📈 Stay objective. Trade your plan with context.