Welcome to today’s Nasdaq futures analysis for Friday, January 31, 2025! As we wrap up the first month of the year, the market presents high-probability setups with potential gap closures and directional movements. Here’s what we are watching today:
Long Opportunities:
Price holding above 21,770–21,800 could lead to a move toward 21,860 and 22,075.
If the market retraces to the 21,680–21,608 range, it could provide strong bullish momentum.
Short Setups:
A rejection near 21,860–21,900 could trigger a drop toward 21,610 and lower.
If price breaks 21,600 before the market open, we may see continuation toward 21,450.
Market Insights:
With gap closures in play, today’s session offers multiple trading scenarios. Whether the price continues its bullish structure or faces strong resistance, risk management will be essential.
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