Nasdaq analysis today before the expected SpaceX IPO tommorrow (and post Friday's shock)
Nasdaq futures are staging a short-term rebound after last Friday’s sharp sell-off, but the broader technical structure remains damaged. The article says the recovery is only a tentative repair attempt unless NQ can reclaim the 28,850-28,900 resistance zone and then extend toward 29,038-29,140. Support is outlined at 28,740-28,780 and 28,650, with a break below 28,227 signaling renewed bearish continuation. The piece also notes the expected SpaceX IPO could influence risk appetite and sentiment toward growth stocks, but it is not automatically bullish for Nasdaq unless price confirms the recovery through key levels. Overall, the tone is cautious: the bounce is real, but traders are advised to wait for confirmation before treating it as a durable reversal.