a daily close below 14714.75 in NASDAQ could see its price go below 12813.51.
TRADE SETUP:
SELL STOP @ 14714.75
STOP LOSS @ 15174.10
Tp 1 @ 13994.43 (50% of the rally from march 15th low)
Tp 2 @ below 12813.51 (if this resistance happens to be a weekly high)
But since the weekly momentum is still bullish with the fast line of the 5 days momentum reaching overbought we expect to last for 3-5 days.
TRADE SETUP:
SELL STOP @ 14714.75
STOP LOSS @ 15174.10
Tp 1 @ 13994.43 (50% of the rally from march 15th low)
Tp 2 @ below 12813.51 (if this resistance happens to be a weekly high)
But since the weekly momentum is still bullish with the fast line of the 5 days momentum reaching overbought we expect to last for 3-5 days.