Nasdaq 100 futures hold gains as Asian stocks bounce this morning

Yesterday the price action across the US stock markets was amazing, as noted at the time when covering the S+P 500. The rebound, albeit initially on fake news, saw the Nasdaq 100 rise from a session low at 16,142. The spike higher saw it reach 18,191 in what can only be described as one of the biggest ever seen in an intraday rebound move, of more 1600 points. The index later managed to close higher on the day too. The Nasdaq was the only major US index to do that, when it ended the session just 32 points higher, at 17,430. Overnight the Asian markets have all bounced too, after the drubbing they took yesterday and the gains are being led by the Nikkei 225, after it got smashed by more than 2000 points yesterday. The Nikkei 225 is up just over 5% at the time of writing. The gains in Asia have helped to lift all the US equity futures this morning. So, right now the Nasdaq 100 is being priced to reopen higher later on. That can easily change, but in truth the ship has steadied for the time being, which is perhaps understandable given what we have seen over the past 3-4 trading days. The Nasdaq 100 is currently priced to reopen around 17,635