Nasdaq futures hold bullish structure, but cooling, as AI IPO frenzy of last week added another Wall Street risk-on narrative.
Today we have a new “deal with Iran” narrative
Nasdaq futures remain structurally bullish, but NQ is now pressing into an important resistance zone near 30118-30159. The broader story is not only technical. A Financial Times front page highlighting possible SpaceX, OpenAI and Anthropic IPOs adds another layer to the AI-led Wall Street risk-on narrative, while traders still need confirmation above 30162 before chasing the next upside leg.
Key takeaways for Nasdaq futures traders NQ prediction score: +4 / +10, meaning the structure remains bullish but the entry location is no longer clean. But that score is still more representative of the longer term structure. The short term is flashing much lesser bullish tones (see prices to watch below) The main resistance zone is 30118.75-30159.25, with 30162.00 as the single actionable bullish breakout price.