It looks like Nasdaq is on the verge of breaking the short-term upwards moving , drawn from the low of the 25th of April. If we see a close below that on the , then we could start aiming for the 7105 mark, a break of which, could confirm the downside scenario.
We would then be targeting the 7000 zone.
If the index reverses back to the upside, for us to become , we would need to see a break of the 7310 level, which could open the way towards the new all-time highs.
Be careful and have your SL in place.