USTEC

On the Nasdaq side, we may see an attack to the 12294 level as a short-term bearish reaction. The 4-hour imbalance created by the last deep decline is passing through this region.As long as the day does not close below 12150, we are likely to see upward reactions. Daily closings below 12150 will drag the index down. Support: 2150 – 11980 - 11550 Resistance: 12294 - 12425