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Nasdaq and S&P 500 set sights on key daily targets

Nasdaq and S&P 500 set sights on key daily targets

With both indices pressing critical pivot levels, we outline our mid-term bias and intraday triggers—leaning bullish but waiting for price-action confirmation.

Weekly five-minute context

Nasdaq-100 Futures (NQM2025).

  • Mon: Sharp gap up from ~20,502 into the 21,100–21,200 area. Choppy rotation between 21,100 support and 21,315 resistance.

  • Tue–Wed: Buyers repeatedly defended 21,169; upside capped at 21,315–21,364 (POC). Value area formed ahead of today’s open.

  • Thu: Brief dip below 21,169 on US open, swift recovery above 21,200, and held just under 21,315—setting the stage for a fresh breakout attempt.

Chart

S&P 500 Futures (ESM2025)

  • Mon: Sold into the FVG demand zone 5,827–5,849, then rallied into 5,900–5,930.

  • Tue–Wed: Consolidation between 5,870 support and 5,904 resistance, anchored by VWAP (yellow) and POC (blue). Two tests of 5,870 were held.

  • Thu: Early break below 5,870 down to 5,828, then reclaimed into 5,904. Late session held above 5,870, priming today’s retest of 5,904 pivots.

Chart

Mid-term summary

Nasdaq-100: Structure – Above daily VAL 21,100 (gap pivot). March-May demand intact. Bullish Scenario – Hold >21,100 → 21,497 → 21,743 → 22,140 → 22,385 / 22,782 supply. Bearish Scenario – Break

Chart

S&P 500: Structure – Respecting FVG demand 5,827–5,849; daily POC at 5,954. Bullish Scenario – Reclaim >5,876 → 5,954 → 6,000 → 6,000–6,208 supply. Bearish Scenario – Break

Chart

Overall Bias: Lean bullish toward daily targets—but only upon clean holds above each pivot. If pivots fail, bias shifts neutral-to-bearish.

Intraday play triggers

A. Nasdaq-100 Futures (NQM2025)

  • H1 Triggers:

    • Bullish: Hold >21,154 → ramp to 21,364 (POC) → 21,410 → 21,505 → 21,557 (VAH).

    • Bearish: Break

  • 5-Minute Entries:

    • Long: 1-min close >21,315 → scale at 21,419 & 21,552; final run to 21,669–21,935.

    • Short: Close

Chart

B. S&P 500 futures (ESM2025)

  • H1 Triggers:

    • Bullish: Reclaim >5,854 → 5,932.50 (POC) → 5,979.75 → 6,023 (61.8% Fib).

    • Bearish: Break

  • 5-Minute Entries:

    • Long: 1-min close >5,904 → targets 5,931 → 5,960 → 5,994–6,000.

    • Short: Break

Chart

Execution and risk management

  • Confirmation: Wait for clean 1-minute closes beyond pivots before committing.

  • Stops: Place just beyond the opposing 5-min pivot (e.g., below 21,169 for NQ longs).

  • Sizing: Risk ≤ 1–1.5% of account per trade; move stop to breakeven after first target.

  • Watchlist: US data releases and Fed comments—adjust size during expected volatility spikes.

Remain patient—let price confirm key pivots before pulling the trigger. Always manage risk with a defined stop-loss and position sizing. This is not financial advice. Good luck!

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