NQ Flow Report
Flow Report – Tuesday, November 4, 2025
Yesterday’s RTH Recap
Monday’s RTH session advanced through 26012.75 to 26266.00 before closing at 26131.00. Price built a steady upward sequence through the early session but lost momentum late in the day, closing just below resistance. The structure remained elevated, but energy began compressing into the close, setting up for a potential overnight shift in control.
Figure 1 – RTH/ETH Structure Recap
Today’s ETH Framework
Overnight trade opened sharply lower at 25940.75, creating a large gap down from the prior RTH close at 26131.00. The gap zone between 26131.00 and 25940.75 reflects a clear structural imbalance and defines the current auction’s upper boundary. Price extended to a low of 25645.00 before recovering into early balance, with the ETH high reaching 25975.75. The recovery leg retraced partially into the gap zone but has not yet closed it, maintaining a downward-leaning tone with short-term reactive buying.
Today’s High Impact News
10:00 ET – USD JOLTs Job Openings | Sep
Bias and Structure Outlook
Bias – Neutral to Bearish with validation at 25950.00.
Structure remains in retracement mode after the overnight gap down. Continuation lower remains favored if price holds below 25950.00. A confirmed reclaim and hold above 26050.00 would indicate a full gap recovery and potential transition to balance.
Fibonacci Context
The current Fibonacci leg drawn from 26266.00 to 25645.00 outlines the active retracement window. The 38.2% level at 25854.75 and 50% level at 25955.00 align within the gap zone, creating a composite resistance layer. The 61.8% level near 26055.00 marks the final upside reaction point before structure completes a mean reversion test. Rejection from these levels would confirm sustained downward momentum, while a recovery through 26055.00 signals renewed equilibrium.
Key Levels
Type: Resistance Zone
Zone Range: 25950.00 – 26055.00
Comment: Active Fibonacci retracement and gap fill zone
Type: Resistance Zone
Zone Range: 26130.00 – 26150.00
Comment: RTH close reference and upper boundary of gap
Type: Support Zone
Zone Range: 25700.00 – 25645.00
Comment: ETH structural low and defended base
Type: Trigger Level
Zone Range: 25950.00
Comment: Validation threshold for continuation or rotation
Bias Summary
Untested HTF Structure High – 26266.00
Untested HTF Structure Low – 25645.00
Validation Level – 25950.00
Continuation favored while price remains below validation; rotation expected above.
Trader Tip
Large overnight gaps often act as momentum traps. Price must reclaim and hold above the gap base to confirm that structure has transferred control back to buyers.
