Long term outlook for Nasdaq

After the V bottom recovery and FEDs printing unlimited amounts of money to keep the market up. Finally seeing the market exhausting.

Clues we have for a bearish Bias is
- Break of long term up trend line
- Following the break we form a LH
- Market gives a strong rally up but is met with a strong decline suggesting its a last push.

Right now

We are at a strong support area and is proving to hold up price.

Senario 1
The support holds and we see a recovery from here. (HHs and HLs)

Senario 2
Break support (120 price region) and have a huge sell off.
The next likely area of strong support is at the $100 area

Stay safe guys