Even if the past few weeks Nasdaq went up, and is higher than the support, it looks like the trend is weak and will continue to reverse, of course we never know for sure but it does look weak as the long-term trend still is going on the downside and no sign of capitulation as of yet, looks like we are half-way if compare with 2001-2003 recession.
Comment:
we can clearly see lower high and lower lows still occurring