Nasdaq Buy Zone or Wait

Nasdaq having a good move up today, but I don't think the selling is done just yet. Looking at the 2Hour+20 Moving average(blue), it has shown good support and now tests as resistance. The right chart shows 20MA on the weekly as good support for the past year. I would wait just a little longer to see if we go down and test low 320ish (20 Weekly Ma) and bounce off it before I make any bullish entries.