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Nasdaq Futures Technical Analysis Today as September Kicks Off | investingLive

The US stock market is closed today, September 1, 2025, in observance of the Labor Day holiday. Both the New York Stock Exchange (NYSE) and the Nasdaq Stock Market are shut, but futures trading remains open — and Nasdaq futures are already flashing clear bearish tones to start the new month.

At investingLive.com, our orderFlow Intel review of Nasdaq futures shows how momentum shifted sharply at the end of August, with sellers taking control and pushing cumulative delta deep into negative territory. This is a key signal for traders who want to understand where the market may be heading when US equity markets reopen on Tuesday.

Key Technical Levels for Nasdaq Futures

  • 23,552 – Value Area High (today)

  • 23,530 – Point of Control (today)

  • 23,516–23,512 – Friday’s Value Area High and VWAP cluster

  • 23,479 – Value Area Low (today, already breached)

  • 23,460 – Friday’s Point of Control (tested level, secondary resistance)

  • 23,417 – Friday’s Value Area Low (naked level, now tested)

  • 23,338 – Second lower standard deviation of Friday’s VWAP

orderFlow Intel: What the Data Shows

  • Bullish Start Fades: On Aug 31, buyers briefly pushed cumulative delta to +262, with aggressive activity at the lows (Delta SL +287).

  • The Turn (20:00–21:00): Delta flipped negative (–183, –2), cumulative delta collapsed to +77, showing sellers absorbing buyers.

  • Bearish Momentum (22:00–23:00): Deltas plunged (–497, –543) and cumulative delta sank to –963. Volume rose into the decline, while Max Delta readings near zero showed buyers had vanished.

  • September Open: Delta stayed negative (–406) and cumulative delta dropped further to –1369. A small positive Delta SL (+96) showed buyers trying to defend, but sellers kept control.

Live Market Update for Nasdaq Futures (… yes, it is open today even if the stock market is closed)

As anticipated, Nasdaq futures have already tested the 23,417 naked Value Area Low, reaching a session low of 23,406.75 before bouncing. At the time of writing, futures trade near 23,430, holding just above this key magnet level.

This confirms the importance of 23,417 as a pivot zone. The next directional cue will come from whether sellers push through toward 23,338 or whether buyers can stage a more meaningful recovery above 23,460–23,479.

Nasdaq Futures Price Prediction

  • Bearish Scenario (base case): If sellers press below 23,417 decisively, the path opens toward 23,338.

  • Retracement Scenario: Any bounce should meet resistance in the 23,460–23,479 zone (Friday’s POC and today’s VAL cluster). A rejection here confirms bearish continuation.

  • Bullish Scenario (lower probability): Only a recovery above 23,512–23,552 would neutralize the bearish tone and suggest a reversal attempt.

Broader Risk-Off Signals

  • Crypto: Bitcoin futures (BTC1!) are trading at 107,840, down –935 points (–0.86%), leaning toward the lower end of today’s range. Crypto weakness adds to the risk-off environment.

  • Tech Earnings Fallout:

    • NVIDIA stock closed last week almost 4.5% lower compared to its Wednesday pre-earnings close, signaling disappointment despite strong expectations.

    • Dell shares plunged more than 9% after Thursday’s results.

  • Global Equities: Asian markets opened weaker after Friday’s tech selloff on Wall Street, with semiconductor and hardware shares leading declines.

These cross-market signals confirm that the weakness in Nasdaq futures is part of a broader global risk-off move, not just an isolated futures event.

Educational Takeaway for Traders

  1. Magnet Levels Work – The 23,417 naked Value Area Low, highlighted earlier, attracted price almost to the tick, underscoring its importance.

  2. Cumulative Delta as Confirmation – The sharp drop in cumulative delta from positive to –1369 gave advance warning that sellers had full control.

  3. Cross-Market Signals Matter – Futures weakness lining up with NVIDIA, Dell, crypto, and Asian equities paints a much clearer picture than looking at one market in isolation.

Bottom Line

Even though the US stock market is closed for Labor Day, Nasdaq futures provide a real-time barometer of sentiment — and the tone is decisively bearish. The test of 23,417 confirms this key level’s significance, with sellers still threatening to extend the move toward 23,338. Failed rallies into 23,460–23,479 remain shorting opportunities, while only a sustained push above 23,512–23,552 would soften the bearish bias.

Combined with weakness in NVIDIA, Dell, Bitcoin, and Asian equities, the message is clear: markets are entering September in a risk-off mood.

📌 This analysis is part of investingLive.com’s orderFlow Intel series. It is a decision support tool, not financial advice. Trade at your own risk.