NQ Flow Report
Thursday, November 20, 2025
Yesterday’s RTH Recap
The RTH session traded between 24988 and 24507. Buyers attempted to stabilize the midpoint during the morning but were unable to break through overhead structure. Sellers maintained pressure throughout the afternoon, closing the session near the lower boundary and keeping the broader tone defensive.
Figure 1 – RTH/ETH Structure Recap
Today’s ETH Framework
ETH printed a high of 25209 and a low of 25046.50. Price rotated inside a narrow range just above the nearest macro low at 25046.50. Buyers defended the lower boundary cleanly, but no confirmed acceptance above the upper structure has developed. The ETH high sits directly beneath the nearest macro high at 25207.75, creating a tight macro band for the session.
News and Economic Events
No high-impact economic events scheduled for this morning.
Macro Structure
The nearest macro high is 25207.75 and the nearest macro low is 25046.50. Price is currently trapped within this compressed macro band. A breakout beyond either boundary will determine directional intent for the session.
Bias and Structure Outlook
Price begins the session inside a compact structural pocket. A clean move above 25210 would open the path toward prior RTH supply zones. Failure to hold above 25046.50 exposes a return toward yesterday’s lower distribution between 24700 and 24500. Until a boundary breaks, expect balanced rotation inside the macro band.
Key Levels
Type: Resistance Zone
Zone Range: 25190 – 25220
Comment: Macro high alignment and ETH upper boundary
Type: Resistance Zone
Zone Range: 25090 – 25140
Comment: Intraday rejection cluster
Type: Support Zone
Zone Range: 25060 – 25040
Comment: Macro low alignment and defended ETH base
Type: Support Zone
Zone Range: 24850 – 24780
Comment: Deeper continuation pocket if breakdown occurs
Type: Trigger Level
Zone Range: 25220
Comment: Must be reclaimed to confirm upside expansion
Bias Summary
Bias: Neutral
Nearest Macro High: 25207.75
Nearest Macro Low: 25046.50
Validation Level: 25220
Trader Tip
When price is pinned between macro boundaries, the first side to achieve acceptance often controls the entire session. Let structure break before committing instead of reacting to early rotation.
