Nasdaq Futures Recover Key 29150 Level After Friday's Sharp Sell-Off

Nasdaq 100 futures (NQ) are staging a recovery attempt after Friday's significant sell-off, with buyers stepping in to defend critical support levels and push price back toward the prior session's close. Following a gap-down open, the index did not extend losses, instead finding demand that drove prices back above the key 29144-29150 acceptance zone — a level that traders are closely monitoring for sustained value acceptance. The recovery suggests that Friday's decline may have been an overreaction, though confirmation of higher-value acceptance above this zone remains critical for bulls. From a technical perspective, the 29144-29150 area now serves as pivotal support; a failure to hold above this level could invite renewed selling pressure and a retest of Friday's lows. Conversely, sustained trading above this zone would signal that buyers are regaining control and could pave the way for further upside. Equity index movements of this magnitude often influence USD-correlated forex pairs, as risk sentiment shifts impact dollar demand and safe-haven flows into JPY and CHF.