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The Nasdaq has indeed lost its appeal recently. Whether it opens high or low, it fails to attract much attention, and market enthusiasm is clearly not here.
Actually, this was a situation foreseen long ago. I remember mentioning at the end of the last plan that it might fall into a chicken rib market — no oversold conditions, no rebound momentum, just stuck like this. The judgment back then now seems to have been pretty accurate.
That's how the market is. Sometimes, the most torturous thing isn't a sharp decline, but this kind of chaotic oscillation. Lack of direction, unable to find opportunities to short or catch the bottom of a rebound. Waiting seems to be the only option.