NASDAQ Trading Idea

The market reached the resistance level and we have to think about possible price action. If price reverses from the resistance level, we'll have a signal for opening short trades. Just MACD and RSI will have to confirm price reversal. Probably the market will fall to MA50 and give us good entry levels on the daily and hourly charts.

If price breaks the resistance level, it will be a signal that bulls are strong. MACD and DMI will confirm our long trades with targets 4850 and 4900. We'll have to search entry levels on hourly charts.