Chart of the day

från 19 maj :

Due in part to inflation, rising interest rates, and geopolitical concerns - the Nasdaq has struggled lately. In fact, the Nasdaq is down 8% over the past month alone. With today's significant drop, the Nasdaq is once again testing support (see solid green line). However, the long-term trend is still up (barely) until proven otherwise. And at this level it doesn't take much to prove otherwise