NASDAQ Futures (/NQ) Outlook – Weekly Chart As of August 1,2025E-mini Nasdaq-100 FuturesCME_MINI_DL:NQ1!TexasSadrNASDAQ Futures (/NQ) Outlook – Weekly Chart As of August 1, 2025 Current Price: 22,915.75 RSI (14): 61.34 – momentum remains bullish, but cooling off 🧭 Short-Term Outlook: The recent weekly candle shows strong rejection and a -2.16% drop, suggesting a possible correction phase. Price is now heading toward the 0.236 Fib retracement zone (~22,120) — a logical short-term support. If this level doesn't hold, the next major support sits around the 0.382 zone (~21,045), aligning with your second expected zone (~21,000). 🛑 Support Levels to Watch: ~22,120 – Fibonacci 23.6%, prior structure zone ~21,000–21,045 – Confluence with 38.2% Fib + former resistance ~20,175 – 50% retracement, deeper retest if sentiment shifts Mid-Term Bias (Q4 2025 Outlook): After this pullback phase, your projected path implies: A bullish resumption from the support levels (likely from 21k–22k zone) Consolidation into Q4 A breakout continuation toward new highs above 24,000 into 2026 This outlook remains valid as long as 20,000 holds — a clean invalidation point for medium-term bulls. Also, whenever the daily Candle closes above high of thid week which is the ~23845 points , this outlook become invalid too.