Analyzing the NASDAQ chart, $18,700 stands out as a key resistance level. We are also observing a divergence in the RSI, which often signals a potential reversal. My analysis suggests that after the price consolidates within the range of $18,570 to $18,700 for several days, we could see a downward movement towards $17,500. Following this decline, I anticipate the start of a new uptrend, targeting $19,250.