Nasdaq has been trading within a channel for the past 2 months. It began to pull back last week and finally tested the horizontal support @ 9745 (slightly below the channel support) but recovered to form a bullish piercing candle, right back into the channel. There is also a potential bullish divergence in the making. The bulls can heave a sigh of relief for now and expect better days again this week
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.