NASDAQ… Is the Weekly Market Finally Starting to Crack?
For a while now, the NASDAQ has looked almost unstoppable. Every dip kept getting bought. Every pullback kept turning into another rally higher.
Most retail traders enter exactly where institutions NEED liquidity before the real move begins.
That’s why emotional trading keeps failing.
Tuesday, July 7 at 7 PM ET, I’m hosting a FREE live Zoom training on:
“How to Finally Read What the Market Is Actually Doing”
You’ll learn:
✔ Why retail traders get trapped
✔ What Break of Structure actually reveals
✔ How liquidity really works
✔ Why higher timeframes matter
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NOW…what is going on with the Nasdaq:
Structurally…
…the chart may now be telling a different story.
On the Daily timeframe, we previously got a BOS DOWN and return back to the Daily BOS Supply Source. That return to source is critical because once the market accepts the sell structure, the expectation shifts toward lower targets.
And now we are seeing the market sitting directly on top of a very important Daily Demand Zone.
This zone MUST hold if bulls want to maintain control of the larger move.
But here’s the problem…
Price has already shown weakness around this area, and the structure is beginning to look more like distribution than continuation.
If this Daily Demand Zone fails cleanly, then the next likely target becomes the Daily Fair Value Gap around:
➡️ 26,280 – 26,920
And if fear really begins to accelerate in the broader market, then the larger Daily Demand Source around:
➡️ 23,750 – 24,580
could eventually come into play.
Now… this does NOT automatically mean the market crashes tomorrow.
Markets rarely move in straight lines.
In fact, one of the most likely scenarios from here would be:
✔ a retest of this Daily Demand Zone
✔ traders becoming bullish again
✔ and then the market deciding whether this zone will truly hold or reject price lower
That retest is the important part.
Because if the market rejects bearish from that retest…
…then this current weakness may be only the beginning of a much larger correction.
Bulls still have one major job here:
Reclaim and HOLD the Daily Demand Zone.
Without that…
the market may slowly begin transitioning from “buy the dip”…
to “sell the rally.”
Trade what you SEE.
Not what you THINK.