NASDAQ is rejected from the downside channel resistance
NASDAQ is testing 12700. It is being rejected from this level and is pulling lower to test an important wedge downside resistance 11800. Indicated are the two most important levels to watch ahead of the FED decision and a continuation of earnings announcements this week. A break below 11800 would lead to lower and a test of 1o600 and 9700.
Note: look for the long trade entries with the stop loss above 12600
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