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NASDAQ Rejection on March 2022 High gives a strong sell signal

Singkat
CAPITALCOM:US100   US 100
Nasdaq got rejected exactly upon touching the 15285 Resistance for the first time since the High of March 29th 2022.
This is a strong sell signal and can be confirmed after the RSI (1d) crosses under the MA line.
The long term pattern is a Channel Up since the beginning of March and the MA50 (1d) has been intact since March 15th, which makes the index exceedingly overbought.

Trading Plan:
1. Sell after the RSI (1d) crosses under the MA (white line).

Targets:
1. 14300 (Channel Up bottom and near Support 1).
2. Extend to 13520 only if we close a (1d) candle under the MA50 (1d).

Tips:
1. The RSI (1d) is printing a pattern similar to the tops of February 2nd and March 31st. Both reached the 1.618 Fibonacci level, which was our target on our last Nasdaq call (see chart below).
2. If we do break below the MA50 (1d), the MA100 (1d) could be a valid target as it has been untouched since January 20th.

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Notes:
Past trading plan:


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