NQ Flow Report
Nasdaq Futures (Week of November 10–14, 2025)
Structural Context Summary
The Nasdaq futures market spent the week unwinding the prior rally and driving into a clear downside extension. Structure broke a series of lower highs and lower lows, completing a full rotation from the November 11 high at 25830.00 down into the 24626.00 macro low on November 14. The recovery into week-end pushed back toward mid-range, signaling the start of a potential balance phase rather than a confirmed directional shift.
Friday RTH Session Review
Friday’s session held the 24626.00 macro low after a clean downside exhaustion. Price climbed steadily throughout the session and into the close, reclaiming several intraday resistance points and finishing near 25147.50. This recovery established the first higher-low structure since November 12 and opens the door for early-week balance attempts.
Figure 1 – Weekly Structure Overview (Macro Chart)
Weekly Structure Overview
The week formed a defined descending structure:
25830.00 high → 25768.75 → 25761.00 → 25721.50 → 25488.75 → 25002.50 → 24626.00 low.
Each lower swing confirmed broad selling pressure until Friday’s recovery leg. The defense of the 24626.00 macro low sets the lower boundary for next week’s structure. The rebound into the 25100–25200 zone places price back inside the prior breakdown pocket, where buyers and sellers will contest control.
Key Structural Levels
Resistance Zone 25768.75 – 25830.00 – Weekly upper boundary and untested macro high
Resistance Zone 25488.75 – 25550.00 – Breakdown zone and prior swing rejection
Support Zone 25002.50 – 24900.00 – Mid-range support and recovery base
Support Zone 24626.00 – 24700.00 – Weekly exhaustion low and macro structural floor
Structural Milestones
Untested Weekly Structure High – 25830.00
Untested Weekly Structure Low – 24626.00
Validation Level – 25488.75
Continuation favored above validation; rotation expected below.
Next Week’s High Impact News
Wednesday – Housing Starts (8:30 ET)
Thursday – Existing Home Sales (10:00 ET)
Bias and Outlook
Bias – Neutral with upward validation at 25488.75
This week’s sharp decline followed by a clean late-week recovery puts the market into a balance-building phase. A sustained hold above 25488.75 would shift control back toward buyers and open a path toward 25721.50–25830.00. Failure to hold above 24900.00 would pull price back into the macro 24626.00 low.
Educational Insight / Trader Tip
The market reveals intent through how it responds to exhaustion lows. Strong recovery from a clean structural floor suggests a shift from liquidation to inventory rebuilding. The key is waiting for validation from reclaimed structure, not reacting to the first bounce.
Weekly Reflection
Structure resets through rotation. After a decisive liquidation leg, patience is required as the market chooses whether to rebuild momentum or re-test the extremes. Let structure confirm direction rather than anticipating it.
