NASDAQ Short Trade

The bearish candle, which closed below MA100, gives us a signal that the up trend is over and we'll see down movement. MACD and DMI confirms short trades. We can place a pending order below the low of the signal candle and wait when price moves down and open our trade. Stop order must be placed above MA20 or the resistance level 4800. Profit target is 4700 level. Probably we'll open a short trade in the begining of correction on higher time frames, because 4800 level is rather strong and it reversed the market in 2000 year. Also this market has been rising for 7th weeks and we'll have to see the correction wave. May be it's time for this.