#NasdaqWorstDayInOverAYear
*What happened*: A big red day like this means heavy selling, usually from rate fears, weak earnings, or risk-off sentiment. It breaks short-term support and shakes confidence.
* prediction*:
1. *Near term 1-2 weeks*: Expect volatility + possible bounce. After big drops, Nasdaq often retests the low or gets a relief rally if oversold. Watch the 200-day MA for support.
2. *If 200-day MA breaks*: More downside toward next major support. Fear increases.
3. *If it holds + closes back above*: That’s a sign sellers got exhausted and a recovery can start.
*Key level to watch*: 200-day moving average. Holds = buyers step in. Breaks = more pain.
This isn’t financial advice. Worst-day selloffs can reverse fast or keep dropping depending on news/Fed data.
Are you watching any specific Nasdaq Ordinals just the index?