NQ Flow Report

Monday, November 17, 2025

Yesterday’s RTH Recap

The RTH session traded between 25293.25 and 24627.00, with sellers maintaining control throughout the day. Price pushed steadily lower, breaking through multiple attempted intraday bases without meaningful response from buyers. The session closed near the lower boundary of the range, leaving the structure exposed to continued downside pressure.

Figure 1 – RTH/ETH Structure Recap

Today’s ETH Framework

ETH extended the broader range overnight, printing a high of 25361.25 and a low of 25022.00.
The upper boundary aligns with the nearest macro structural high at 25342.00, creating a clean overhead reference for the session. Buyers defended 25022.00 during the overnight trade, a level matching the nearest macro structural low at 25023.25.

Price is currently rotating between these macro markers with no sustained acceptance in either direction.

News and Economic Events

No significant market reaction to today’s scheduled economic releases.

RTH Session Outlook

Structural Bias

Momentum on the intermediate and high timeframe layers is in compression, reflecting stabilization but not directional commitment. The macro layer shows mild upside expansion, offering early signs of strength yet not enough to override the broader downward structure from recent sessions.

Price continues to operate within the lower half of the macro range. Until buyers can establish and hold a higher base above nearby resistance zones, the overall tone for RTH remains defensively tilted.

Key Structural Levels

Resistance
• The most recent macro swing high forms the session’s immediate overhead reference.
• A secondary resistance band aligns with the ETH high region and a prior breakdown zone.

Support
• Primary support sits near yesterday’s RTH low.
• A broader support region extends into the zone tested throughout the overnight session.

Sellers retain control unless buyers can reclaim and sustain acceptance above the first overhead resistance band.

Trade Scenarios

Continuation Scenario – Seller Control

If price rotates into the first resistance band and fails to hold above it, the downside structure remains intact. A rejection from that area favors a move back toward lower support zones.
Buyers must defend above the first resistance zone to interrupt the prevailing tone.

Reversal Scenario – Support Engagement

A reversal attempt only activates if price retests the main support region and shows signs of stabilizing demand.
Should buyers establish a base and press through the nearby resistance zones, a broader rotation higher becomes possible.
Failure to stabilize within support keeps the downside narrative dominant.

Execution Notes

• Avoid chasing weak reactions into dense resistance areas.
• Intermediate and high timeframe compression suggests patience; wait for expansion before committing to direction.
• Strength above the overhead resistance band would serve as the earliest sign of recovery.
• A decisive break below the lower support region reaffirms the broader downside path.

Bias and Structure Outlook

The market remains inside a defined macro structure between 25342.00 and 25023.25.
ETH rejection at the upper boundary maintains a defensive tone unless buyers can secure acceptance above 25340.00.
A sustained move below 25020.00 exposes deeper continuation into the 24700–24600 region.

Current consolidation inside the macro band suggests the session may require a catalyst before choosing direction.

Key Levels

Resistance Zone
25340.00 – 25360.00
ETH high and macro structural alignment

Resistance Zone
25250.00 – 25290.00
RTH breakdown zone and overhead intraday cap

Support Zone
25040.00 – 25020.00
ETH defended low and nearest macro structural low

Support Zone
24700.00 – 24620.00
Broad RTH base and deeper continuation pocket

Trigger Level
25360.00
Acceptance required for upside continuation

Bias Summary

Bias: Defensive
Nearest Macro High: 25342.00
Nearest Macro Low: 25023.25
Validation Level: 25360.00

Trader Tip

When price rotates inside a macro band, wait for acceptance beyond the boundaries to confirm intent. Clean breakouts that hold beyond structural limits reduce noise and provide clarity on direction.