Market Analysis: Shifting Trends and Crucial Turning Points in the Nasdaq Index.
The Nasdaq index has been in a bullish zone for the past nine days. It entered the bullish zone nine days ago and has been on an upward trend since then. However, starting from last Thursday, there has been a shift to a correction trend, which has continued until today, October 18th. Particularly, yesterday, there was a sudden decrease in selling pressure and an increase in buying pressure, indicating a potential entry point for the resumption of the upward trend. This led to expectations of a short-term upward movement for the next 2-3 days. However, today, selling pressure suddenly surged, leading to a failure in the continuation of the upward trend. The market seems to have reverted to the previous correction trend, indicating a potential signal for a strong downtrend starting next week. Up until yesterday, there were expectations of a short-term upward trend, followed by a strong downtrend starting next week. However, concerns arose due to news of 'Additional Sanctions on Chine