Nasdaq go Down

28 Mac 2023

In my opinion, given the slowness with which it fails to break through area 12850 and given the situation of bank deterioration, in my opinion there is a good chance of seeing the Nasdaq go down to a minimum of area of 9,900 points. This, by the way, is a Fibonacci extension level that starts from the highs of January 2022 until the lows of October 2022 and then the other leg goes up to 38.2% which is nothing more than the recovery started in November until February. If the Nasdaq doesn't break up around 12850.. the chances of going very low are high. Conversely, only a quick upward breakthrough of the aforementioned area will be able to indicate in the 13600 area.