NASDAQ is sitting on the MA200. That’s a really important Support Prior 2 times NASDAQ fell below the 200-Week MA: 2001 (Dot-Com Bubble burst) & 2008 (Financial Crysis) Pray for a bounce here
Not so effective analysis IMO. trend lines are broken many times this year. I am not saying it can’t happen; anything can happen but I wouldn’t rely on 200 only.. just my 1.99 cents
It will bounce now
Don’t look market with short bounce ,it’s failed ,more damages are waiting for it ,all gains are reversed today