205.05.23 nasdaq analysis

📊 Result of Yesterday’s Trading Strategy
The break of the upward support trendline triggered a sharp drop, delivering solid profits even before the U.S. session opened.
With 1 contract, this setup yielded approximately $2,000 profit, making for an early finish to the day.



📉 Current NASDAQ Situation
The Nasdaq is on the verge of breaking below the ascending trendline.
Even though it pretends to rise, it consistently gets pushed down — suggesting the bullish momentum is close to being exhausted.
Thus, I will not consider long positions today and will continue to approach the market conservatively.

Today's trading strategy:
If 21112 is broken downward, it will likely enter a corrective phase.
If that happens, I plan to continue shorting with targets down to 20827~20667.

🎯 The target range is wide because if a sharp drop does occur, the strength behind it may lead to a deeper correction, making it worth holding for the extended target.

✅ Conclusion
• It's better to focus on short strategies rather than long positions for now.
• To enjoy the weekend, taking the day off from trading might also be a smart move today.