Nasdaq – Weekly Analysis

Last week, I warned that “the weekly RSI has now reached levels last seen in February 2020, just before the famous 30% plunge in a matter of weeks. The previous comparable signal occurred in 2018 and also led to double-digit losses.” On Friday, June 5, 2026, that warning materialized into a powerful market event, with roughly $2 trillion erased from the U.S. market in a single session. In this analysis, we examine Nasdaq’s latest structure, momentum, and probability map to assess the next possible moves. CANDLES & TA: The Nasdaq selloff on Friday was of extreme significance. In one day, the majority of daily indicators flipped bearish. Strong bearish signals reached the 9-day frame, and momentum increased meaningfully. The next checkpoint is Tuesday, with the 10-day frame closure. If Nasdaq does not reverse the odds by then, the 10D frame will form a Bearish Engulfing, further expanding bearish momentum. Overall,…