Currently the IV for Nasdaq is at 7.66%, down from 7.8% last month. From the volatility current percentile we are located on 93th place, and based on this we can expect the monthly candle to make the next aprox movement: Bullish : 6.55% Bearish : 8.58%
With this in mind we have currently 80.2% that the market is going to stay within the next channel TOP Limit: 11987 BOT Limit: 10250
If we are going to take a look into the previous monthly high and low points, currently there is a : 37.5% to hit the previous monthly high 64.4% to hit the previous monthly low
Lastly from the technical analysis point of view, currently ( going from -100 to +100) Weekly Timeframe : -66.67% of rating moving averages is indicating BEARISH Monthly Timeframe : -40% of rating moving averages is indicating BEARISH