NQ Flow Report
Friday, November 21, 2025
Yesterday’s RTH Recap
Price opened inside the broad sell-side structure and continued lower through the morning before forming a temporary base near the midpoint of the distribution. Buyers attempted a late-session recovery but failed to reclaim the upper structure, leaving the broader tone controlled by sellers into the close.
Figure 1 – RTH/ETH Structure Recap
Today’s ETH Framework
ETH built a steady upward rhythm throughout the session, making its high near 25209 and low near 25046.50. Buyers held control across each rotation, defending pullbacks and maintaining directional pressure toward the upper boundary. No meaningful weakness emerged during the overnight auction.
News and Economic Events
There are no high-impact scheduled economic events today.
Macro Structure
The nearest macro high sits at 25207.75 and the nearest macro low is 25046.50. Price is currently pressing against the upper macro boundary, signaling that buyers are testing for upward acceptance. A sustained defense above this region would shift the broader tone in favor of continuation.
Bias and Structure Outlook
Momentum across all layers is aligned to the upside. The structure is pressing against higher resistance, and buyers continue to control the tape as long as pullbacks remain shallow and defended.
A breakout and hold above the upper macro boundary opens continuation toward the next major distribution zone. Failure to hold above the mid-ETH shelf returns the session to a balanced rhythm inside the broader structure.
Key Levels
Type: Resistance Zone
Zone Range: 25190.00 – 25220.00
Comment: Upper ETH rejection band and first expansion test
Type: Resistance Zone
Zone Range: 25260.00 – 25295.00
Comment: Prior RTH upper distribution
Type: Support Zone
Zone Range: 25080.00 – 25050.00
Comment: Macro low alignment and defended buyer shelf
Type: Support Zone
Zone Range: 24980.00 – 24940.00
Comment: Broader continuation pocket if pullback develops
Type: Trigger Level
Level: 25220.00
Comment: Required for confirmed upward expansion
Bias Summary
Bias: Bullish
Nearest Macro High: 25207.75
Nearest Macro Low: 25046.50
Validation Level: 25220.00
Trader Tip
Momentum alignment means nothing without structure. Use the upper boundary as your validator. Only confirmed expansion deserves risk.
