Why It's Still Too Early to Short the Nasdaq

In my previous analysis, I mentioned that bearish momentum was strengthening. I’m writing this follow-up because I’m concerned some of you might have jumped into short positions based solely on that observation.

Since my perspective is focused on the long-term trend, it won't be too late to enter once the trendline is clearly broken and a retest occurs. The most critical point to note is that the long-term trendline was briefly pierced on March 9, 2026. However, if you check the daily candle close, you’ll see it finished above the trendline. Therefore, we should consider the trendline still intact.

The market won't make it that easy to catch a short. It will likely drag out the time, eventually pushing the index down alongside surfacing negative news. Don’t forget: because the daily candle closed above the trendline, the trendline cannot be considered broken.