Nasdaq Composite Bearish outlook

Nasdaq is at a very critical level , if it pushes down then the t
he next support is at 13160 Level where if it tests the support m
ultiple times then it can be a good entry point .

If it continues to push down from 13160 then the next support wil
l be at 12400 level which can also be a great entry point.

My bias is towards 13160 level strong support and it will bounce
back from there as technically we have come out of the long term
bear market and this correction is a fair correction .


Key Support levels (can be used for doing shopping)

13160
12400