Nasdaq is going down

24 Jun 2020

Price moved in the ascending channel and started dropping after it hit the top trend line. This is pure technical and bar charts analysis. Take profits are indicated by the horizontal lines. The price will continue dropping for a while before it starts heading up again. 10304 would have been the ideal price to enter a short position. The long move can be expected to massive and major. So lets wait for an entry point to go long but for the short term it is headed to the downside. This should be monitored carefully.