Nasdaq futures fell below $30,218 resistance after failing to hold above $30,300, signaling renewed bearish momentum.
Nasdaq futures turned bearish after failing to sustain levels above $30,300, slipping below the volume-weighted average price (VWAP) near $30,218. The shift follows a failed repair attempt, with resistance now clustered at $30,218-$30,244 and support at $30,134.
Earlier attempts to breach $30,300 stalled, reinforcing seller dominance. Key downside targets include $30,025-$30,000, where profit-taking and short-covering may emerge. A break below $29,925 could open wider bearish levels at $29,675 and $29,410.
Traders are advised caution near support zones, as the bias remains bearish but entry timing is critical to avoid overextension.