Nasdaq

Remember that price is still moving in an uptrend meaning we only looking for buy trades more than sell trades,price was currently on a small trend change but since Nasdaq moves with structures we can't call that a confirmed breakout...I'd say it's just another structure forming which will support the uptrend..so in this time frame you see that price is moving in a falling wedge and the first support hit and price did a retest ..so now the sell move will continue till second support which is where I'm expecting price to form a second leg of W..then a push to the upside will occur.With the unemployment claims on the way at 2:30pm SA time I'm expecting a buy rather than a sell.bht all of that will depend on how the market is going to move.