Nasdaq Futures Losing Steam – Time to Be Cautious
The Nasdaq futures score has been lowered, signaling weakening momentum. I'm shifting my short-term bias to bearish until we see a clear support retest.
Technical Pulse
I've been watching the NQ session closely, and the latest read is telling me to pare back my bullish expectations. The score dropped from +4 to +1, which is a significant shift in internal momentum. That kind of downgrade often precedes a deeper pullback or at least a period of consolidation.
We're not in a crash zone yet, but the upside conviction is clearly fading. I'm looking for a retest of recent lows before I consider adding long exposure again. Until then, I prefer to stay on the sidelines or lean short on intraday pops.
If you're trading NQ right now, respect the weakening tape. Scale back size and avoid chasing breakouts. Let the price prove itself before committing capital. 📈

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