Nasdaq breaks bear flag - likely heading lower
The Nasdaq broke down from a bear flag and is below key support. This is likely the beginning of the next leg lower. Time will tell if the previous lows hold but I would not be surprised to see them tested in the coming days. Key areas of support are shaded in green. If those fail to provide support then a break of the lows seems likely.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.