22,222 looks a long way off now for the Nasdaq 100

The Nasdaq 100 futures are off their worst levels since the US close last night, but so far attempts to make any kind of substantive rebound have blown out. Earlier the index was priced to reopen below 18,650, as noted earlier. As also noted here late yesterday evening, the prior spike in the futures, to price an opening for today above 19,850 made the falls much worse. You see the markets were completely wrong-footed on the true nature of the tariffs and only saw the 10% headline number first announced by the US President. Well of course we all know the facts of the matter now and it is not good- not good for anyone and certainly not the tech sector and the Nasdaq 100 and explains the nigh on 1200 point slide since. That especially applies to the likes of Apple and Amazon with their outside of the US interests. So, its is going to be an incredibly shaky start for the Nasdaq 100 later this afternoon and under the present circumstances the markets will surely ignore any US data as just white noise, unless it matches the trade tariff narrative in terms of the impact. That is to say good data will be probably be overlooked, where any bad data will not. The Nasdaq 100 is right now priced to reopen around 18,860, where it closed last night at 19,581 and that 2025 high at 22,222 looks a long way off now