NASDAQ 100, never came below the ema of 233 since 2010, and came below 144 only 2 times after that, in 2018 and 2020 and gave good bounce back from there.
Now if you see it is making the same pattern around 144 ema as it did during a covid low in 2020.
It looks bullish from here, until and unless it again closes below 144 ema.
#NDX
Main Trend seen completed in Nasdaq.
If the current downtrend is only Profit Booking then Yellow Wave (ABC) structure is possible.
If Nasdaq turns to Bear Market (If 2009-2021 Wave complete) then 1st Downtrend Wave may be like Red Wave (ABC).
