Current Nasdaq Futures Price: $21,893
At the time of this Nasdaq analysis, futures are trading at $21,882. Today's tradeCompass suggests patience for traders, recommending waiting for a retracement into our defined bullish entry zone between $21,850 (June 9th Point of Control) and approximately $21,860 (yesterday's VWAP). Even though current prices are already in bullish territory, a retracement to this key support zone provides a more strategic and lower-risk entry.
Our bearish scenario activates only below $21,800, which aligns below yesterday's and June 9th value area lows, as well as below the June 6th Point of Control, signaling a significant shift in market sentiment.
Educational Insight: Volume Profile & VWAP in Nasdaq Analysis
Volume Profile in Nasdaq Analysis: Volume Profile offers traders clear visibility of important price levels by showing where the most trading activity has occurred. These high-volume nodes, points of control (POC), and value area highs/lows (VAH/VAL) provide traders with logical areas to expect price reactions and to strategically position trades.
VWAP and Standard Deviations: VWAP (Volume Weighted Average Price) represents the average trading price adjusted for volume throughout the session, providing a dynamic fair-value benchmark. Standard deviation bands around the VWAP help identify optimal levels for entry, profit-taking, and stop placement, adding valuable structure to intraday trading decisions.
Bullish Threshold: Above $21,860 (waiting for retracement)
$21,879: Just below June 9th Value Area High
$21,924: Below the June 5th highs and second upper standard deviation of June 6th VWAP
Bearish Trade Plan According to Today's Nasdaq Analysis with tradeCompass
Given current market conditions indicating range-bound activity, quick partial profit-taking is recommended.
$21,792: Near June 4th Value Area High
$21,751: Slightly above June 5th Point of Control
Trade Management Reminders for Nasdaq Traders
Consider moving your stop-loss to entry after the second profit target is achieved to protect gains.
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Disclaimer: This Nasdaq analysis today provides directional guidance only and is not financial advice. Always trade responsibly and according to your personal strategy and risk management protocols.
This article was written by Itai Levitan at www.forexlive.com. Read More Details
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