Nasdaq futures technical analysis: Bulls target 29,300 while 28,950 holds Nasdaq futures are trading near 29,179 at the time of this analysis.
The 30-minute chart continues to favor buyers, with price holding comfortably above today’s developing VWAP and building value at higher levels. tradeCompass prediction score: +4 The path of least resistance remains higher, but NQ is approaching several important references where traders should expect at least some resistance and two-way price action
Nasdaq futures bullish above 28,950 The central line in the sand is 28,950, approximately the July 20 VWAP. As long as price remains above this level, buyers retain the upper hand on the 30-minute timeframe. Today’s developing value area high near 29,195 is the first immediate hurdle.
A brief rejection would not necessarily damage the bullish structure. Sustained acceptance above it would strengthen the case for continuation toward the July 16 references. Bullish partial profit targets 29,292: Positioned just before the 29,300 July 16 POC, which may act as today’s primary upside magnet. 29,362: Just below the 29,370 July 16 VWAP. 29,482: Ahead of the 29,490 July 16 value area high, a more substantial resistance reference.