NQ Nearly Reached Daily -2SD, Then Rebounded Almost 400 Points
NQ Nearly Reached Daily -2SD, Then Rebounded Almost 400 Points
Friday's Nasdaq futures session nearly completed the morning downside map before producing a forceful late rebound. NQ traded to 28,408.25, only about 19 points above daily -2SD at 28,389.29, and then recovered 393.50 points into the delayed 3:59 p.m. ET bar.
The morning Market Pulse correctly framed continuation below 28,807.52 while that daily lower band remained resistance. The closing lesson, however, was not simply that the bearish thesis worked. Entry quality changed as price approached the next statistical boundary. A valid directional view did not make a late short near the lower objective equally attractive.
The cross-index close also mattered. YM and RTY reclaimed their daily lower expected-move bands, while NQ remained below both daily and weekly -1SD. Crude held above weekly +2SD, keeping an inflation-sensitive pressure point in the background. Friday was therefore not one uniform risk-off trade; it was a lesson in location, relative strength, and cross-asset confirmation.
The full After the Close review compares the morning plan with the actual session and maps the levels that matter when Asia and London reopen:
https://bit.ly/4pzZCc4
Originally published by PonoTrading. Not financial advice. Trading involves risk.
