Nasdaq Bears Hold Edge Below $29,313 as Bulls Seek Break Above $29,427

As of May 21, Nasdaq futures trade mildly bearish below the tight $29,300–$29,321 resistance cluster, with $29,313 as the key decision level and a TradeCompass score of -3/+10. The short-term bias turned bearish on May 18 after a failed push toward 29,300 created a bull-trap and stronger seller control below 29,250. On May 19 the index plunged 389 points intraday to test the 25,700 support zone before rebounding to close down only 107 points, keeping the broader uptrend intact while traders now watch for either a sustained move above 29,427 or deeper targets near 29,222 and 28,829.