Multi-Timeframe Analysis: Nasdaq

Hourly Chart: Bearish Bat (Bearish)

Daily Chart: Filling the Gap, Triple Doji means no enough energy to go further. (Neutral-Bearish)

Weekly Chart: Supported at the lower level of the regression channel (Neutral- Bullish)

Monthly Chart: Hanging Man (Bearish)

Conclusion: After 2 bearish weeks, we had 2 bullish weeks but May ended with -1.26% performance, crossing below last month low is not a good sign..! Neutral to Bearish is the most probable scenario.

Review the last multi-timeframe analysis would help you make a better decision

May 1:
Hourly Chart: Flat Top Declining Bottom, Hypothetical range: 4.29%. Bullish:1.34, Bearish 2.95% (recent rejection from the top make downtrend more likely. ( Bearish )

Daily Chart: Long upper shadow and closing below last 5 days close make downtrend more likely. ( Bearish )

Weekly Chart: long upper shadow and penetrating below 50% of the last bullish candle. ( Bearish )

Monthly Chart: Close just below February's highest level. surprising 5.88% after 3 months of neutral to the bearish market. ( Bullish )
Futures: below the current market with increased volume above the monthly average! ( Bearish )

Conclusion: Bearish sentiment for the next week is the most probable scenario.