Futures Weekly Update: “No upside target in the Nasdaq right now!”

Last update, our Futures traders, Vanessa and Keith, kept folks LONG as the market ascended into Wednesday… so you would’ve done well not panic-selling last week.

This week, they share their levels going into next week. 

HOW TO USE THESE LEVELS: 

• You can trade just the futures market if you wish (/ES and /NQ). These tickers are available in any brokerage and you can trade options on them too. 

• Use these ‘forward looking’ targets to trade the tickers under the hood. If the Nasdaq is bullish, you can trade many of the big tech names moving. Those in a bullish pattern will likely continue in their bullish pattern if the /NQ is going up

Wednesday’s FOMC session was a masterclass in patience, precision, and profit. While many traders get chopped up on days like this, our Live Trading Room stayed focused—and it paid off big.

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Wednesday Recap – Textbook Execution

S&P 500 (ES)We called an amazing short from the 6427 rubber band zone, which triggered a massive sell-off straight down to our lower targets—for a move of over 50 points.

• We reminded traders to stay patient ahead of FOMC, and that discipline paid off.

• Importantly, our "has to hold" level for lower targets was never violated—keeping our downside zones active and valid.

• After the drop, the market rallied right back up to our original rubber band zone, giving us another clean 10-point short at 6433.50—even in extended hours.

Nasdaq (NQ)

NQ played out in near-perfect symmetry.

Price hit two of our upside targets, then reversed sharply for a 200+ point sell-off, echoing the precision we saw on ES.

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What We’re Watching Now

S&P 500 (ES):

• A daily close below 6366 opens the path to:→ 6305, 6280, and possibly 6252• But if 6440 holds, we could target:

→ 6538, with potential extension to 6566

Nasdaq (NQ)• Failure at the 23785 zone puts downside targets in focus:

→ 23235 and 23127

• No current upside targets—this may change over the next few sessions depending on price action.

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