NQ Flow Report
Wednesday, November 19, 2025
Yesterday’s RTH Recap
The RTH session traded between 24832.00 and 24376.25. Price attempted a mid-session recovery but failed to break above the upper structure, leaving sellers in control into the close. The session ended near the lower boundary of the range, maintaining a defensive tone heading into ETH.
Figure 1 – RTH/ETH Structure Recap
Today’s ETH Framework
ETH printed a high of 24733.25 and a low of 24445.00. Price rotated inside a tight lower structure, with sellers defending the upper boundary and buyers not producing a sustained response. The ETH low sits just above the macro low at 24472.50, creating a key reference for today’s session.
News and Economic Events
Building Permits (08:30 EST)
Housing Starts (08:30 EST)
Macro Structure
The nearest macro high sits at 24785 and the nearest macro low at 24472.50. Price remains inside this lower macro band and continues to respect both edges without acceptance beyond either boundary.
Bias and Structure Outlook
The session remains inside a compressed macro range. Attempts to lift must break through resistance near the macro high to shift tone away from defensive. Failure to hold above the ETH low exposes continuation toward the deeper 24380–24320 region. Until a boundary breaks, structure favors two-sided rotation with sellers retaining slight advantage.
Key Levels
Type: Resistance Zone
Zone Range: 24760.00 – 24790.00
Comment: Macro high alignment and first upside validation zone
Type: Resistance Zone
Zone Range: 24680.00 – 24720.00
Comment: ETH rejection cluster
Type: Support Zone
Zone Range: 24480.00 – 24440.00
Comment: ETH low alignment and macro low region
Type: Support Zone
Zone Range: 24390.00 – 24330.00
Comment: Broader continuation pocket if breakdown occurs
Type: Trigger Level
Zone Range: 24790.00
Comment: Required for acceptance toward higher distribution
Bias Summary
Bias: Neutral-Defensive
Nearest Macro High: 24785
Nearest Macro Low: 24472.50
Validation Level: 24790.00
Trader Tip
Macro bands define intent. When price holds between a macro high and macro low without acceptance, the market is signaling neutrality. Wait for the boundary break before committing to direction.
