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Nasdaq What Now?

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Hey Traders, the Nasdaq100 has created a new Higher-high at 15200 leaving a strong resistance at that level. The Initial jobless claims today came up with a 202k negative reading. The VXN on the other hand, is looking great at that support level although, we might resume the bearish trend soon. There's NFP tomorrow and I can't stop thinking of what the outcome would be. Anyway, I will be looking to sell if the bullish-wedge-trend-line breaks at support. My target: 14600. Conversely, I'll be looking to buy if the trend holds at support to the next resistance at 15400..

Check out the VXN chart:

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Cheers,
Lazyluchi..

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The VXN became positive and the nasdaq100 negative. Followed my plan—won!

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