What a year this has been on the Indices! The NASDAQ has plunged so massively that the crash has dwarfed the 2020 Covid-19 and even the 2008 global resession crash.
Technically, this looks like it could continue its southward move as all indicators point downward. The Bollinger Bands have expanded as expected on the Monthly chart and frankly, the next real support level looks to be 11,000, and by extension 9000.
On the Daily, there's a Supply level at 13000/ 13250 which could serve as a good entry to short towards 9000
Technically, this looks like it could continue its southward move as all indicators point downward. The Bollinger Bands have expanded as expected on the Monthly chart and frankly, the next real support level looks to be 11,000, and by extension 9000.
On the Daily, there's a Supply level at 13000/ 13250 which could serve as a good entry to short towards 9000