NASDAQ Futures (/NQ) Outlook – Weekly Chart As of August 1,2025

NASDAQ Futures (/NQ) Outlook – Weekly Chart
As of August 1, 2025

Current Price: 22,915.75
RSI (14): 61.34 – momentum remains bullish, but cooling off
🧭 Short-Term Outlook:
The recent weekly candle shows strong rejection and a -2.16% drop, suggesting a possible correction phase.

Price is now heading toward the 0.236 Fib retracement zone (~22,120) — a logical short-term support.

If this level doesn't hold, the next major support sits around the 0.382 zone (~21,045), aligning with your second expected zone (~21,000).

🛑 Support Levels to Watch:
~22,120 – Fibonacci 23.6%, prior structure zone

~21,000–21,045 – Confluence with 38.2% Fib + former resistance

~20,175 – 50% retracement, deeper retest if sentiment shifts
Mid-Term Bias (Q4 2025 Outlook):
After this pullback phase, your projected path implies:

A bullish resumption from the support levels (likely from 21k–22k zone)

Consolidation into Q4

A breakout continuation toward new highs above 24,000 into 2026

This outlook remains valid as long as 20,000 holds — a clean invalidation point for medium-term bulls.

Also, whenever the daily Candle closes above high of thid week which is the ~23845 points , this outlook become invalid too.