Over the last week, the stock market succumbed to renewed selling pressure as the situation deteriorated on all fronts. We quote our previous comment dated on the 18th February 2022 :  The technical pattern of the Nasdaq index is negative as the index hasn’t been able to settled above important moving average, a situation observed by many market participants. Many stocks are now well entrenched in a bear market as prices closed well below their various moving averages. We’ll comment more in depth over the next few days the other components of our model.