Nasdaq AKA NAS100

Our analysis that we published before for Nasdaq has not been altered

Nasdaq still in a bearish downtrend. Market did an 'Inside Bar' false breakout of the yearly lows in the previous week so will be interesting to see how price reacts in this level.

If price respects the yearly lows and does another false breakout, then will be looking to go long.

If price completely breaks below the yearly lows, then will be looking to continue short and possible economic downturn

Refer to the "related Ideas" to view the analysis we had prior