NQ: At the Bell 07/23/2025
The market tested below 23200 overnight, found demand, and rotated higher into 23260. Balanced-to-bullish bias into RTH.
Market briefing for the Wednesday RTH open:
📊 Nasdaq Futures Report
📆 Wednesday Open: July 23, 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 Globex session showed early demand absorption below 23200 followed by a controlled auction higher. The 23240–23260 region absorbed multiple waves of volume. A final aggressive sell burst at 09:00 near 23220–23240 adds reactive energy into the open.
Holding above 23200 supports a balanced-to-bullish view; failure below opens risk toward the 23140 shelf.
📌 Note: Red Folder Economic Events:
| Event | Date | Time (ET) |
|---|---|---|
| Existing Home Sales | 07/23/2025 | 10:00 |
🔮 Wednesday Game Plan
📈 Base Case – Responsive Range
Open Inside 23220–23240 zone
→ Expect fades from 23250–23260 into 23220–23200
→ Price likely oscillates around 23235–23240 magnet zone
📉 Breakdown Risk
Loss of 23200–23180
→ Clears Demand/support
→ Exposes 23140 → 23100 → 23025 → 22950
⚠️ 23140 (90min) = Trend demand zone or structural inflection
→ Watch for volume confirmation — avoid chasing into low-liquidity zones
🚀 Breakout Scenario
Sustained acceptance above 23260–23270
→ Clears Supply/resistance
→ Opens path toward 23300 → 23340 → 23375 → 23400
⚠️ 23375 (4H) = Trend supply zone or structural inflection
→ Watch for volume confirmation — avoid chasing into low-liquidity zones
🧊 Key Heatmap Observations
🔹 23240 → 5014 @ 07/23 08:30 – Heavy reactive print into RTH open
🔹 23250 → 4301 @ 07/23 03:30 – Absorption near prior Globex high
🔹 23270 → 4205 @ 07/23 03:00 – Pre-RTH squeeze attempt met with supply
🔹 23220 → 4474 @ 07/22 20:15 – Volume pivot during early Globex base building
🔧 Price Clusters by Timeframe
| Timeframe | Price Levels | Notes |
|---|---|---|
| 15min | 23240, 23220, 23270, 23250 | Intraday reactive prints and RTH open zone |
| 30min | 23235, 23250 | Overnight balance and absorption zone |
| 1H | 23220, 23180, 23240 | HVNs and key inflection from prior session |
| 4H | 23200, 23400, 23375 | Demand shelf and macro resistance cluster |
| 1D | 22900, 23000 | Macro composite support levels |
| 2D | 22950, 22050, 21600, 20400 | Long-term reversion and accumulation levels |
📈 Stay objective. Trade your plan with context.