The resistance at 13818 must be cleared out of the way in the NASDAQ. The bulls have remained cautious so far and the market fails to move in the direction of 13,818 points. This level remains decisive for the continuation of the upward trend. The bulls have to reach this at least (or better) the level around 14,000 points, so that an impulsive 5-wave structure can be formed at this point. In this case we are on the way to higher prices. If this movement does not occur & wave can not reach its minimum target, its a negative signal for the upward movement. Currently there is still the risk of a sell off in the direction of 12915 points.
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