NASDAQ price expected to stallNASDAQ - Intraday - We look to Sell at 12094 (stop at 12252)
Following yesterday's bearish candle, the overall trend lower looks set to continue today. We are assessed to be in a corrective mode higher. Prices expected to stall near trend line resistance. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Our profit targets will be 11707 and 11600
Resistance: 12000 / 12970 / 13600
Support: 11700 / 11200 / 10500
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