Introduction
Nasdaq 100 E-mini futures (NQ) have made another all-time high, now trading at 25,104 as of 2 October 2025. The index is up 25% for the year, and the trend remains firmly bullish, with the largest pullback being 4%.
On the daily chart, NQ remains above its 50-day moving average at 23,910 and the 200-day moving average at 21,791. The 50 ma crossed above the 200 ma nearly 4 months ago, and the price is well above both of them. The RSI sits at 72.06, moving into overbought. In a steady trending market like we have in NQ, the RSI can be a sign of momentum, so this confirms the strength in NQ.
If buyers succeed in sustaining the breakout above the ATH, NQ is in new territory once more. However, failure to hold above 25,000 could trigger a consolidation phase, with support near 24,000–24,200.
Key Levels to Watch
- Immediate resistance: 25,027 (ATH).
- Upside extension: Open skies above 25,100, potential move higher.
- Near-term support: 24,200 zone.
- Major support: 23,910 (50-day MA).
Probability Table
| Scenario | Estimated Probability | Notes |
|---|---|---|
| Breakout above ATH, continuation higher | 50% | Strong momentum and trend favor bulls. |
| Consolidation near 25,000 | 35% | Overbought RSI could lead to sideways digestion. |
| Pullback toward 24,200–23,910 support | 15% | Would require profit-taking or macro headwinds. |
Ending Off
Nasdaq futures are making new highs once more, with momentum strong but conditions stretched. The ATH at 25,027 is the pivotal level, sustained strength above it would confirm the next leg higher, while a failure could bring consolidation before bulls attempt again.
This analysis is for educational and informational purposes only and does **not** constitute trading advice or a recommendation to buy or sell any futures contracts. Futures trading involves significant risk and may not be suitable for all investors. Always conduct your own research and consult with a licensed financial professional before making trading decisions.
