26.03.21 Nasdaq AnalysisNAS100 CashVANTAGE:NAS100JELLO_XTogether with you, Butopia is building a Utopia of Wealth based not on intuition, but on clear standards and structure. Let’s begin the Nasdaq chart analysis for March 21. 📊 Daily Chart Analysis – Breakdown of Key Support and Structure On the daily timeframe, Nasdaq showed a critical development during Friday’s session. Price broke below the key support level at 23,857, which had previously acted as a strong support zone on November 21, 2025 (orange box). During this move, the market briefly made a lower low, confirming short-term weakness. More importantly, this breakdown means that the market has lost the broader bullish structure that had been in place since around September 9, 2025 (yellow highlighted zone). As a result, price has now entered the previous volume zone (blue box on the left). Based on this structure, there is a possibility of an additional downside move of approximately 3.7% toward the lower boundary of this volume zone. 📈 Weekly Chart Analysis – Neutral Structure with Emerging Weakness Looking at the weekly timeframe, the structure is not fully bearish yet, but early warning signs are appearing. The moving averages have not formed a death cross yet Price is currently moving between the 20-week and 60-week moving averages, indicating a sideways structure Additionally, price is still trading above the Ichimoku cloud. However, if the current price level is maintained, the market is expected to enter the cloud within the next 5 weekly candles (approximately one month). From a bearish perspective, an important signal comes from the Lagging Span (Chikou Span). The lagging span has closed below past price candles (orange box) This suggests that the probability of facing resistance in the near term has increased. 📌 Conclusion It is somewhat positive that Nasdaq managed to close back above 23,857 before the weekend close. If both the daily and weekly candles had closed below 23,857, the market would likely have started the following week with much stronger bearish momentum. However, the current situation remains uncertain. Due to external factors such as geopolitical risks (e.g., war-related news), there is a high possibility of a gap opening after the weekend. Therefore, for the upcoming week, the most important approach is: 👉 Wait for Monday’s opening price and assess the market reaction before forming a trading strategy. In the current environment, reacting to actual price behavior is far more important than making predictions. Not intuition— but structure and levels.