NQ: At the Bell 07/25/2025

Market briefing for the Friday RTH open:

📊 Nasdaq Futures Report

📆 Friday Open: July 25, 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

The overnight Globex session saw a downward auction from 23420 into the 23340–23350 demand shelf, with notable absorption in the 23310–23330 range. Multiple intensity prints accumulated during the 04:00 to 05:00 window, suggesting buyer interest returning below 23330. This pullback sits within a broader 4H structure where 23350–23375 has acted as a responsive zone. Durable Goods data at 08:30 injected a burst of activity, briefly spiking into 23380 before retracing.
Bias into the open: responsive with upward skew if 23310 holds.

📌 Note: Red Folder Economic Events:

🔮 Friday Game Plan

📈 Base Case – Responsive Range

Open Inside 23340–23380 (4H shelf)
→ Expect fades from 23380–23400 into 23340–23350
→ Price likely oscillates around 23360 magnet zone

📉 Breakdown Risk

Loss of 23310–23320
→ Clears Demand/support
→ Exposes 23260 → 23220 → 23180 → 23120
⚠️ 23180 (90m) = Trend demand zone or structural inflection
→ Watch for volume confirmation — avoid chasing into low-liquidity zones

🚀 Breakout Scenario

Sustained acceptance above 23400
→ Clears Supply/resistance
→ Opens path toward 23430 → 23470 → 23500 → 23540
⚠️ 23400 (4H) = Trend supply zone or structural inflection
→ Watch for volume confirmation — avoid chasing into low-liquidity zones

🧊 Key Heatmap Observations

🔹 23380 → 4186 @ 07/25 08:30 – Durable Goods reaction spike
🔹 23370 → 4877 @ 07/25 04:00 – Intense buying pressure on pullback
🔹 23360 → 4348 @ 07/25 03:45 – Continued absorption near demand shelf
🔹 23370 → 4118 @ 07/25 03:30 – Cluster forms prior to Europe session

🔧 Price Clusters by Timeframe

📈 Stay objective. Trade your plan with context.