NASDAQ Futures Drop to Critical 21,000 Support Zone

NASDAQ 100 futures just hit a major support level that traders have been watching closely. The pullback looks like a natural cooldown after the recent rally pushed prices too far from their long-term average.

⬤ NASDAQ 100 E-mini futures (NQ1!) slid down to a critical support zone in the latest session, landing right on a horizontal level that's been holding up the market for weeks. So far, buyers are defending this line—no breakdown yet.

⬤ The chart shows futures coming off their recent highs and drifting back toward the lower end of the trading range. What's interesting here is that price is gravitating back toward the rising long-term moving average, which is textbook mean reversion behavior after an extended run-up.

⬤ Right now, price action is still contained within the bigger structure on the chart. This pullback hasn't broken any major levels or turned into a full-blown downside move—it's just retreating within the established boundaries.

⬤ Why does this matter? Because how NASDAQ futures react around this support zone and mean reversion setup will likely set the tone for the next leg of price action and shape trader sentiment in the near term.

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Peter Smith is a former operations manager in online casinos and a consultant for several crypto projects. With deep expertise in crypto, blockchain and iGaming, he writes insightful content on crypto, gambling trends, and player safety.