Nasdaq (March 2025) - End of January Analysis

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Nasdaq was set for weekly losses due to the rout that DeepSeek caused; revealing the breakthrough they had with low-cost artificial intelligence models. This caused a bloodbath in AI linked stocks.

Technically speaking, we closed the month bullish but was still within a price range of the previous month, December 2024.

Anything higher than 50% of the December monthly wick would give me the confidence to continue the bullish bias but I see the opportunity for a short-term market shift back into a area of previous rejections @ $20,025 - $20,428 so this is what I am looking toward until proven otherwise.

Candle body closure above $22,093.50 will change my monthly bias to bullish as this will go hand in hand with my 6-month perspective
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Sloppy price action from Sunday's gap open. Not as rough as ES but still showing me a 50/50 chance of a draw both sides of the market place.

We have already seen a bullish draw from $21,034 wick equilibrium, filling in the new week opening gap.

Friday is NFP so expect big movements in the lead up to the high impact event.
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This weeks NWOG has filled.
There is short term potential to the upside @ $21,694 buyside today but not willing throw all my eggs in one basket for that narrative
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