Nasdaq 100 still correcting losses?- check out the futures this morning

Earlier this morning, when we looked at the Dow Jones, we noted how there was clear rotation back into tech and the Nasdaq 100 yesterday and how that ensured the index was the best performing major US index into the close last night. 

So, the Nasdaq 100 pushed as high as 29,697 yesterday, following an opening at 29,482. The opening was markedly above where it had closed on Friday, at 28,957. The index later closed 456 points higher, at 29,414. The futures are pressing higher again this morning and that is leading the Dow and the S+P once more. The lower oil price is not hindering the Nasdaq 100 futures either, as that is now lower again, as we write. 

So, as things currently stand, it looks like the rebound in tech stocks has further traction again today, but of course we know that can change, but right now there is little evidence of it. The Nasdaq 100 future just now peaked at an indicative opening price of 29,630 and if we take the fall from the record high, to the low seen on Friday, we have some levels to note. 

So, the Nasdaq 100 set a record last week at 30,762. The low was set on Friday after that, at 28,929- a drop of 1833 points. So, 50% of that fall equates to a rebound target at 29,845 and that could be the next level on the radar when live trading resumes? We shall have to see on that later today. The index is currently priced to reopen around 29,590