Insights 
VT 
The Nasdaq futures are up 2.1% from Friday, currently priced at $20,558. This increase follows positive US-China trade talks over the weekend.
Traders are showing optimism by buying the dip rather than expecting a bearish reversal. They are using Volume Profile and VWAP indicators to find strategic entry points. Volume Profile shows where most trading volume occurs, highlighting strong support or resistance areas. VWAP indicates the average trading price, adjusted by volume, suggesting bullish or bearish trends.
Key Support Levels
For bullish trades, key support levels are identified at $20,495 (Developing VWAP), $20,450 (Point of Control), $20,425 (Value Area Low), and $20,327 (May 8th Value Area High). Intraday bullish targets include $20,572, $20,613, and $20,725, with a longer-term goal of $21,000.
A bearish reversal is less likely but would be indicated by two consecutive 30-minute closes below $20,300. Target levels for this scenario include $20,270, $20,215, $20,167, and possibly $19,855–$19,800.
Traders are advised to use Volume Profile to identify fair value zones and VWAP for intraday price strength, remaining adaptable to market changes.
What the current article outlines—and what we’re keenly watching—is a short-term bullish bias in tech-heavy futures, underpinned by renewed buying interest at key volume levels. The recent bounce appears tethered not just to the positive macro backdrop—namely progress in bilateral negotiations—but also to familiar technical reference points that many in the derivatives markets are already drawing their playbooks from.
The method used by participants at present is neither overly speculative nor reliant on hope. Instead, it’s rooted in reasonably objective levels. Support just below the current price action—around $20,495 and $20,425—is gathering interest owing to repeat activity seen in the same zones during previous sessions. These areas are not random. They’re formed by heavy past order flow, and therefore likely mark institutional involvement or at least large traders stepping in.
When our side sees volume concentrating in a tight price corridor, especially when it aligns with VWAP or a Point of Control level, it tends to suggest a base is forming. This implies that the market is comfortable at these prices, and barring any clear negative developments, is more inclined to extend upwards than fall apart. That’s precisely what we’re witnessing here.
Market Observation
If price continues trading above $20,495 and uses it as a launching pad, then short-term gains towards $20,725 or more are not just possible—they’re increasingly being bet on. Scaling into such a move, particularly near the lower ends of the value range, allows for favourable risk-to-reward ratios.
What makes things interesting here is the stress being placed on confirmation. There’s no rush into dramatic positioning. We, like others, are holding off on the more aggressive bearish calls unless $20,300 is broken definitively. And not just momentarily, but sustained through consecutive 30-minute candles. This kind of patience speaks to the conviction many traders still hold in the uptrend.
Should that floor fail, the targets below are not arbitrarily chosen. They’re derived from previous volume build-ups, which may act as temporary resting places for price. Specifically, $20,215 and $20,167 have seen sizable transaction blocks in past sessions. A final stop down near $19,800 would imply a more meaningful shift, not just in sentiment, but likely in macro inputs as well.
Staying reactive instead of predictive is where the edge lies. By continually recalibrating to where the heaviest volume has most recently taken place, and aligning entries with VWAP to gauge the day’s average trade tendencies, execution improves markedly. No need to catch the first move, but definitely step in when price starts behaving around known zones.
This week specifically, the pace and direction of any follow-through from the recent bounce will matter. Not for mere validation of short-term positions, but for seeing how much strength remains in the broader appetite to hold Nasdaq-related risk.
