NQ — Market context NASDAQ (Daily / Weekly)

📅 HTF Context: Daily / Weekly

On the higher timeframes (daily / weekly), the trend has been clearly bullish since 2020. We’ve respected a classic structure: higher highs, higher lows.

The current leg up started in April 2025 and was relatively sharp. Since September, however, price has stalled and is now consolidating near the highs. This type of consolidation often precedes a decision phase: either continuation higher, or a deeper retracement within the broader uptrend.

📊 Volume & Structure

From a structural and volume perspective, a pullback toward lower zones wouldn’t be surprising.

• Volume Profile (2025): Price is currently consolidating near the VAH (Value Area High).
• POC (Point of Control): The volume center sits much lower, around the 22,500 area.
• Reaction Zone: If price rotates lower, the primary interest zone is roughly between 22,500 and 21,400.

💧 Liquidity & Range

For now, price remains in range. Liquidity above the recent highs (≈26,160 / ATH) is still intact.
Any move — up or down — will likely start from a liquidity grab.

Note: The last leg up (since April 2025) has been impulsive with limited rebalancing. A 50% retracement of this leg remains technically possible without breaking the long-term bullish structure.

Disclaimer: This is not a prediction or a directional bias. It is simply a higher-timeframe framework to understand our current location and risk environment.

📉 Nasdaq: 4H Market Context

On the 4H timeframe, the Nasdaq is currently trading within a well-defined consolidation range following the impulsive leg higher earlier in the year.

Since the April advance, price has failed to establish meaningful continuation beyond the highs and has instead transitioned into a contracting structure. For several weeks now, the market has remained capped below the upper range, while also holding above the lower boundary — effectively compressing price.

Liquidity Landscape

• Upside: Multiple highs remain untapped in the 26,100–26,200 area, representing a clear pool of resting liquidity. This zone acts as a magnet in the absence of a breakdown.
• Downside: The first area of interest sits around 24,889 (local structural level). Below that, the range low near 24,159 defines the lower boundary of the current structure.

Compression and Indecision

Since approximately December 17, price has stopped making new highs or new lows. Even within the consolidation, volatility has continued to compress, signaling market indecision and the buildup of potential energy.

This prolonged contraction typically precedes a liquidity-driven expansion — either through a sweep of the highs, a rotation toward lower liquidity, or a continuation of range-bound conditions until a catalyst forces resolution.

⚡ Volatility Ahead

With a heavy macro calendar ahead — including multiple earnings releases and the FOMC decision this week — volatility is likely to increase. From a structural standpoint, the market appears positioned for a liquidity event.

At this stage, the focus remains on structure, liquidity, and context, not prediction. The range is defined — the next move will be about which side of liquidity gets taken first.