Nasdaq Analysis Today: NQ Bulls Face a Decisive 29,800 Test

Nasdaq futures are attempting an early bullish reversal after falling from the 30,340 area to just below 28,950, with buyers showing a meaningful response. The rebound has already reclaimed several short-term reference areas and eased selling pressure, but traders are urged to watch for proof above key resistance levels. The move is not yet a confirmed “bullish takeover” because the larger market structure was damaged and price has not held above the August 28 resistance zone. The article identifies 29,540-29,590 as the first bullish threshold, emphasizing “acceptance” rather than brief pierces, and outlines further targets near 29,645 and 29,745-29,815. A sustained break below 29,370 would raise the risk, while weekly loss of a pivot around 29,450 shifts focus toward 28,880.