NQ Flow Report
Tuesday, November 18, 2025
Yesterday’s RTH Recap
Price rotated between 25361.25 and 24731.75, with buyers attempting to build a mid-session base before losing control late in the day. Sellers reclaimed pressure into the close, leaving the broader structure tilted defensive. The session ended inside the lower portion of the distribution, maintaining downside weight into the overnight session.
Figure 1 – RTH/ETH Structure Recap
Today’s ETH Framework
ETH established a high at 24959.50 and a low at 24603.75. The upper boundary sits just below yesterday’s failed recovery zone, while the lower boundary aligns with a defended region from the prior session. Price continues to rotate inside the tight macro band formed by the macro high at 24827.50 and macro low at 24626.00. No meaningful shift has emerged from overnight trade, and buyers have not produced a sustained defense.
News and Economic Events
No news today
RTH Momentum Summary
• Intermediate layer: compression
• High-timeframe layer: compression
• Macro layer: compression
All three layers are compressing, signaling a coiled market with no clear conviction. Expansion from this compression will determine the dominant side of today’s session.
Macro Structure
The macro band between 24827.50 and 24626.00 continues to define the session. Price remains inside this structure, and neither side has secured acceptance above or below the boundaries. The broader tone remains defensive until the upper region is reclaimed.
Bias and Structure Outlook
The market is operating inside a compact macro band with compression across all layers. This suggests the session may continue to oscillate until one boundary breaks.
• Acceptance above 24830.00 would allow buyers to press toward yesterday’s upper distribution zones.
• Breakdown through 24620.00 exposes continuation into the deeper 24500–24450 region.
Until directional expansion shows, the session is structure-driven rather than trend-driven.
Key Levels
Type: Resistance Zone
Zone Range: 24820.00 – 24840.00
Comment: Macro high alignment and first upside validation shelf
Type: Resistance Zone
Zone Range: 24920.00 – 24960.00
Comment: ETH high cluster and defended supply
Type: Support Zone
Zone Range: 24640.00 – 24620.00
Comment: Macro low alignment and defended ETH region
Type: Support Zone
Zone Range: 24500.00 – 24450.00
Comment: Broader continuation pocket if breakdown occurs
Type: Trigger Level
Level: 24840.00
Comment: Must be reclaimed for buyers to establish upward momentum
Bias Summary
Bias: Neutral-Defensive
Nearest Macro High: 24827.50
Nearest Macro Low: 24626.00
Validation Level: 24840.00
Trader Tip
Compression is not direction. It’s stored energy. The first expansion through a macro boundary often defines the dominant side for the entire session. Let the breakout confirm the narrative before committing.
