Nasdaq futures remain mildly bearish below $29,313
Nasdaq futures are trading below a key resistance cluster, keeping the short-term bias mildly bearish. The most important level for today is $29,313, which acts as the single-line decision point for traders.
The bearish setup is already active while NQ trades below the $29,300 to $29,321.50 zone. The first bearish profit target is $29,222, followed by $29,136, $29,078, $28,829, and $28,575 if sellers extend control.
Bulls need sustained acceptance above $29,427 to shift the bias from bearish to bullish. This is still a range-market environment, not a confirmed breakdown trend, so traders should manage risk carefully and avoid overtrading the middle of the range.