After the Nasdaq index experienced a “holocaust” collapse on Thursday, NASDAQ 100 futures are showing a slight recovery and entering the consolidation phase. Currently, the contract is up about 0.4%, while the S&P 500 e-mini futures are basically flat. As financial market strategist Mark Cranfield pointed out, given the deep decline in Korea's KOSPI index and Japan's Nikkei 225 index when they opened, this rebound is unlikely to cause them to reverse their decline. In fact, this seems to have become a rule: once the Asian spot market opens and becomes the main battleground for sell-off transactions, NASDAQ futures tend to rebound.

After the Nasdaq index experienced a “holocaust” collapse on Thursday, NASDAQ 100 futures are showing a slight recovery and entering the consolidation phase. Currently, the contract is up about 0.4%, while the S&P 500 e-mini futures are basically flat. As financial market strategist Mark Cranfield pointed out, given the deep decline in Korea's KOSPI index and Japan's Nikkei 225 index when they opened, this rebound is unlikely to cause them to reverse their decline. In fact, this seems to have become a rule: once the Asian spot market opens and becomes the main battleground for sell-off transactions, NASDAQ futures tend to rebound.