|

Nasdaq futures hold key structure as price compresses toward major resistance zones

Daily projections and intraday micro-structure converge as futures compress inside key zones.

Nasdaq futures respect key structural zones ahead of the next expansion move

Friday's price action reinforced the structural roadmap outlined in the previous analysis, with both the daily Chart and the intraday 5-minute structure validating the projected levels. The market continues to follow the same behavioural patterns displayed throughout the past week, allowing the MacroStructure framework to once again provide early clarity on the next likely move.

Before Friday’s move, Nasdaq futures were already compressing inside the three identical intraday structures, signaling that a breakout or rotation was imminent

Intraday five-minute structure: Three identical zones continue to guide price

At Friday's open, Nasdaq futures pulled back into the middle structure near 25,591, where buyers stepped in decisively, forming another clean high–low rotation. This confirms the middle zone as the intraday trend's central pivot.

From there, Price advanced into the upper structure at 25,805 – 25,855, touching the upper boundary of the rising micro-channel before rotating lower — exactly as projected in the earlier analysis. This reaction further validates the consistency of the three identical structural zones, which continue to function as repeatable supply/demand footprints.

Key structural levels to monitor

  • Middle structure (25,560 – 25,677): The intraday decision zone. Holding above this range keeps bullish continuation intact.
  • Upper structure (25,805 – 25,936): A breakout zone that, if reclaimed, opens the next leg toward daily targets.
  • Lower structure (25,428 – 25,297): Failure of the middle zone exposes this liquidity pocket and rotation area.

These recurring structures provide traders with a reliable framework for anticipating directional moves before they occur.

Price continues to rotate within three identical structures, confirming the middle zone at 25,560 – 25,677 as the key decision layer

Daily chart: Strong close above VAH supports higher projections

On the higher timeframe, Friday's close held above the value area high (VAH) at 25,575, aligning with the high-volume trading footprint seen through early to mid-November. This structural support suggests continued acceptance at these levels, which keeps the bullish case intact.

If Price maintains this foothold, the next major upside targets sit at 25,888–26,320, a zone that has remained in play since the original MacroStructure projection. These levels represent key daily inflexion points that the market may revisit if the current structure holds.

Friday’s close above the VAH strengthens the bullish case and keeps 25,888 – 26,320 in view

Structural outlook — What needs to happen next

Bullish scenario

  • Hold 25,560 – 25,677
  • Break and accept above 25,805
  • Target 25,936, then daily levels at 25,888 – 26,320

Bearish scenario

  • Lose 25,560
  • Rotate back into 25,428 – 25,297
  • Assess for structural weakness or potential continuation setup

These conditions remain the roadmap for the next sessions as futures consolidate inside a narrowing price structure.

Daily and intraday confluence continues to lead price

The convergence between daily projections and intraday structure remains the strongest guiding force. Nasdaq futures have respected each rotational zone with precision, reinforcing a market environment where structure leads Price, and when structure eventually aligns with fundamental catalysts, major moves tend to unfold.

This analysis is for informational purposes only and does not constitute investment advice. Markets involve risk, and past performance does not guarantee future results.

Author

Denis Joeli Fatiaki

Denis Joeli Fatiaki

Independent Analyst

Denis Joeli Fatiaki possesses over a decade of extensive experience as a multi-asset trader and Market Strategist.

More from Denis Joeli Fatiaki
Share:

Editor's Picks

AUD/USD consolidates above 0.7000; remains close to monthly top

AUD/USD holds steady above 0.7000 during the Asian session on Friday, trading just below the previous day's monthly low amid diverging forces. A hawkish RBA continues to support the Aussie, while the recent decline in US bond yields keeps the US Dollar depressed near a three-week low. However, oil-driven inflation fears reinforce Fed hike bets, which, along with geopolitical risks, could benefit the safe-haven buck and cap the currency pair.

USD/JPY bounces off one-month low; climbs to 157.00 amid reviving USD demand

USD/JPY rebounds from the 156.00 neighborhood, or a one-month low touched during Friday’s Asian session, with bulls looking to extend momentum beyond 157.00 amid the emergence of some US Dollar buying. Meanwhile, Japan's National CPI rose to a nine-month peak and reaffirmed BoJ rate-hike bets, which could support the Japanese Yen and cap gains for the currency pair.

Gold holds above $4,000/three-month low as Fed hike bets and firm USD cap upside

Gold struggles to capitalize on its modest recovery from levels below the $4,000 psychological mark, or a three-month low set earlier this Friday, and retains a bearish tone through the first half of the European session. Federal Reserve officials recently signaled there is no urgency to raise interest rates. Traders, however, are still pricing in around an 80% chance that the US central bank will raise borrowing costs again at its December policy meeting.

Bitcoin, Ethereum, and Ripple rebound as major support levels cap recent sell-off

Bitcoin, Ethereum and Ripple rebound modestly on Friday after correcting and testing their key support zone the previous day. BTC holds the 50-day EMA, ETH finds support around the 100-day EMA, while XRP holds the horizontal floor near $1.300. The price action of these top three cryptocurrencies suggests a recovery if this critical support zone holds; a decisive close below these levels suggests a deeper correction.

The week ahead – UK budget, Shell, BP and HSBC and NatWest results
Financial markets have undergone another turbulent week with concerns about public sector debt levels, the impact of energy policy and higher oil and gas prices, and what events in France might mean for the UK economy going forward.
What November 3 means for the Fed's rate path and the US Dollar

The USD faces a decisive period ahead of the November 3 midterm elections. While markets anticipate another interest rate increase from the Fed in December, the battle for control of Congress could reshape fiscal policy expectations and, indirectly, the path of US monetary policy in 2027.