The Index is lagging behind the Dow and S&P and it is slowly approaching it previous highs near 4600-4700.
The first potential sell zone is 4600-4700 - Triple top (weekly) is definitely something that can stop the Nasdaq from advancing to new highs territory.
Another very interesting trading scenario will be if the Nasdaq will break out of the first and advance higher towards 5000. There it'll meet these 3 technical obstacles that make 5000 a VERY interesting potential Sell Zone:
1. Psychological Price Zone.
2. Completion of
3. Re-test of broken weekly uptrend line (resistance now)
Tomer Jakov, The MarketZone
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