[isatrader]

Nasdaq Composite - a bearish scenario

It's currently approaching a major level of support / resistance, as the 14200 area & has had 2 swing highs and two swing lows over the last 12 months. So potential for a short term swing low & then retest the 200 day MA.

   

Nasdaq Composite - a bullish scenario

Same initial bounce at the major support level of 14200, but with the bullish scenario, it instead overcomes the 200 day MA and finds support on the backtest to it again & continues higher once more.