Nasdaq near its trendline support and very near to 200 weekly ema (only touches during crash period).
Also Weekly rsi is heavily oversold with a bullish divergence.
Market cap of s&p500 index came down to near its december,2020 period. it means all surplus (of covid period) already sucked out of markets.
Soon a bottom will be formed and markets show a meaningful...
Recent 7 days of consolidation has a resistance line of 17350 plus its also a 61.8% of Fibonacci retracement of recent high and low. If sustained above 17350 only then in my opinion one can think of upside.
