The Nasdaq futures contract ($NQ_F) has experienced notable fluctuations recently. As of April 6, 2025, the contract was reported to be at a major level of 16,400, with another key level identified at 16,557. The market has seen a 25% correction, and it has erased all gains made since the beginning of 2024, leading to a 26% drawdown from its peak. A trader noted that the Nasdaq is unchanged from November 2021, indicating a significant loss in value over the past months. On April 8, the market showed signs of recovery, with an increase of 1,700 points following an oversold condition. Traders have been actively managing their positions, with some covering shorts and reassessing their strategies based on volume prints and updated VWAPs (Volume Weighted Average Price).