NQ Futures | Key Levels & Catalysts (Aug 18–22, 2025)

NQ futures are coiling between 23,750–23,950, following last week’s breakout attempt that stalled near 24,000. This week’s catalysts could set the tone for the next directional move.

Key Levels

24,050 → Supply zone (watch for rejection).

23,975–24,000 → Breakout trigger.

23,800–23,825 → Pivot support.

23,750 → Line-in-the-sand for bulls.

23,550 → Downside magnet if 23,750 fails.

Major Catalysts

Mon (Aug 18): NAHB Housing Confidence.

Tue (Aug 19): Housing Starts + Home Depot earnings.

Wed (Aug 20): Lowe’s earnings, FOMC Minutes.

Fri (Aug 22): Powell speaks at Jackson Hole.

Housing data + retail earnings will offer an early read on consumer and housing strength, while Jackson Hole is the wildcard for rates and liquidity.

Trade Scenarios

Bullish → Hold 23,750–23,800, break above 24,000 → target 24,050–24,150.

Bearish → Lose 23,750, sell momentum toward 23,550, possibly 23,300.

Neutral → Chop between 23,750–23,950 until catalysts break balance.

Bias: Stay patient in the balance zone. Housing + retail earnings set the tone early, but Powell’s Jackson Hole speech decides the week.