Nasdaq testing recent lows or making higher low?

The Nasdaq chart seems to be looking to find a footing amongst the headlines. How it behaves in the coming days might be important to see if it is going to rally upwards to indicate a bottom or if it is to break lower.

My take is this. The EMA100 on the weekly chart might be an important support and if it successfully tests and move upwards, it bodes well with a higher low at an important support and we might see more upwards movements. If it breaks lower, the recent lows will be in play and if successfully tested and supported, it will give a double bottom pattern which might indicate a reversal and give hope to the bulls. 😊