Oct 22 • 📈 Market Review
Market Recap – October 22, 2025 🕹️
Nasdaq Futures Review and Trade Breakdown
Hey everyone 👋, happy Wednesday! It’s October 22nd, and here’s today’s detailed market review for the Nasdaq Futures (NQ).
📊 Hourly Chart Overview
I always begin my day on the hourly chart. It’s a clean timeframe that gives clarity on market structure without all the noise of smaller charts. Today, price action opened near the VWAP, with Asia session marked in yellow and the U.S. market open in green.
The market initially found support and pushed higher—about 120 points from 25,225 to 25,345—but couldn’t break above the previous day’s highs. Over the last 36 hours, price has consolidated within a tight range between 25,200 and 25,350.
After Monday’s strong rally, I expected either continued consolidation or mild weakness—and that’s exactly what we saw. Sellers stepped in above the open, and we dropped aggressively through the morning session.
🧭 Market Structure and Resistance
Zooming out, the chart reveals lower highs since Monday, clearly signaling a downtrend. We’ve been repeatedly rejected around the 25,400 area—a key resistance zone that dates back to last Friday’s reaction to tariff-related news.
Unless something changes, I don’t see new all-time highs anytime soon. Short-term resistance remains around 25,350–25,400, and potential support could emerge near 24,500, about 500 points below current levels.
💼 Trade Review and Execution
I began the session short-biased, entering my first short position just before the opening candle. My initial stop was tight, roughly 10 points above entry, as price remained below VWAP—a strong indication of bearish momentum.
The first trade broke down beautifully for roughly 50 points, though I exited earlier than ideal. Hindsight shows I could’ve added into strength or held longer, but I’m content with the discipline shown.
A few trades later, I was stopped out on a counter-trend long attempt—small loss, no problem. My next sequence included shorts around VWAP rejections and a few small scalps on the long side, but the main lesson today was to hold winning trades longer when the setup aligns with the dominant structure.
🧠 Lessons on VWAP & Patience
VWAP (Volume Weighted Average Price) is one of my favorite intraday indicators. When price is below VWAP, I look for short setups; when above, I look for longs.
Today, price consistently rejected VWAP with lower highs and increasing volume—a clear sign to stay short-biased. Despite this, I exited a few trades prematurely, missing extended moves that could have added significantly to the day’s profit.
Patience is key. Once momentum confirms and moving averages widen, you must trust the process and let the trade develop.
🚀 Highlight Trade of the Day
My best trade came later in the morning after a sharp selloff. I spotted a potential bottom on the two-minute chart, entered long with eight contracts on a strong green candle, and rode the move for a solid profit.
That push brought my daily P&L to about +$400, marking my best day so far in this Apex challenge account. 🎯
After locking in profits, I stopped trading around 9 a.m.—but the market continued to sell off aggressively afterward, reinforcing the morning’s bearish tone.
📉 Technical Takeaways
- Trend: Clear lower highs and descending resistance zones.
- Indicators: 8 and 20-period moving averages confirmed the trend.
- Momentum: Selling volume dominated; every rally was short-lived.
- Best Strategy: Short VWAP rejections and pullbacks to moving averages.
Even though I missed some continuation moves, the analysis was sound, and the patience in waiting for clean entries paid off.
🧩 Final Thoughts
Today’s session was a strong reminder that discipline beats perfection. Recognizing the structure, sticking with the bias, and allowing trades to mature are more important than catching every single move.
Overall, I’m proud of my execution and progress. This was a great learning day in price action and momentum trading.
If you found this breakdown helpful, check out Module 7 in the trading course—where I dive deeper into candlestick behavior and higher timeframe analysis.
Thanks for reading, and as always, drop any questions in the chat or trading community. Stay focused and trade smart! 💪📈
— Zachary
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Market Recap – October 22, 2025 🕹️
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