VasilyTrader

NASDAQ: Triple Top???

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NASDAQ:NDAQ   Nasdaq, Inc.

morning traders!

NASDAQ is on its way to retest the market high the third time this year.
103.0 - 106.0 is a decent area of resistance and bets are high that we will see a retracement from it.

Target levels will be 100 and 96

*also note that the previous daily candle was quite strong
for this reason, it is preferable to wait for a confirmation before taking action.

no matter what is your approach is, stop should be strictly set above the underlined resistance area.

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