The important update is that NQ tried to repair back toward the 30244 area, but the rally stalled almost exactly there. The 02:00 bar reached 30243, then price rolled back lower, with the latest 30-minute bar closing at 30142.25 after probing 30131.50.
Anyone shorting from yesterday? Nasdaq was hunting some stops of late short traders but if you hung on or your stop was far enugh, or you simply entered at a good spot towards the close of yesterday, then there is a very good chance your position will be profitable when the premarket today is open for trading in less than 1.5 hours from now (depending on which stock, ofc, but the market is down).
That confirms the prior tradeCompass read: the market is still struggling below the repair zone, and rallies are being sold unless buyers can reclaim 30244 and then 30300.
Key update for Nasdaq futures traders
The bearish case is still active, but NQ is not yet in a clean downside expansion below the big 30000 area.
The market is currently between:
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30244 resistance above
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30134-30142 near-term decision area
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30016-30000 major support and psychological test below
That means fresh shorts here are not as attractive as shorts taken from failed repair attempts near 30214-30244. NQ is already closer to support than resistance.
NQ bearish while below 30244
The key bearish condition remains simple:
As long as NQ stays below 30244, sellers keep the tactical advantage.
The failed rally into 30243 is important because it shows that the prior repair threshold is now acting as resistance. That is often how a market transitions from “selloff” to “accepted lower value.”
Bearish targets
If NQ continues lower, downside targets remain:
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30134-30120 – immediate decision zone
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30070 – first downside reaction area
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30016-30000 – major psychological support test
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29935-29900 – first bearish extension zone
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29675 – wider swing-bear target
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29410 – deeper swing-bear target if broader liquidation develops
The 29675 and 29410 targets are not immediate intraday assumptions. They become more relevant if NQ accepts below 30000 and then fails to reclaim it on the next bounce.
What swing traders should watch
For swing bears, the key question is not only whether NQ touches 30000.
The better question is:
Can sellers keep NQ below 30000 after the first reaction?
A quick spike below 30000 followed by a fast reclaim above 30070 would warn of a bear trap. But if NQ breaks 30000, bounces, and then rejects below 30134 or 30214, that would be much more bearish.
That would suggest the market is no longer only running an intraday liquidation. It may be accepting lower value, which is what opens the path toward 29675 and later 29410.
For swing shorts, it is often better to take partial profits near the first downside targets and leave a smaller runner for the deeper levels. The goal is not to predict the full move perfectly. The goal is to reduce risk early, then let the market pay more if the broader bearish auction expands.
Bullish repair only above 30244
The first bullish repair signal requires acceptance above 30244.
Even then, the repair is not complete unless NQ can also reclaim 30300-30314. That area now matters because price broke down through it and failed to build acceptance back above it.
Bullish targets if repair succeeds
If NQ reclaims 30244, upside repair targets are:
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30282-30300
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30314
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30410
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30481
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30536-30584 if buyers regain control
A move above 30300-30314 would weaken the bearish case. A move above 30410 would suggest the overnight selloff is being meaningfully repaired.
Practical tradeCompass map
Score path update
Trading education: do not confuse location with direction
The direction is bearish, but location matters.
Shorting near 30244 after a failed repair is different from shorting near 30016-30000 after a large intraday decline. The first is a resistance-based short. The second is a chase into potential support.
For intraday traders, 30070 and 30016-30000 are areas to consider partial profits, not places to become emotionally more bearish. For swing traders, the deeper targets at 29675 and 29410 require confirmation that the market is accepting below 30000, not just briefly probing it.
After TP1 is reached, and certainly after TP2, traders should consider moving the stop to entry or reducing risk aggressively. From there, a runner can be left to work, but the trade should not be allowed to turn into a full loss if NQ snaps back above 30244.
This is a decision-support map, not financial advice
