The current price: 12431

Key point: 12866

Our preferred direction: selling positions below 12866 levels, targeting 12235 as a first target, then 11906 as a second target

Alternative scenario: stop loss and change direction by breaking 12866, targeting 13000

Technical comment
The NASDAQ index reached the pivotal resistance levels on the daily time frame at 12866, which corresponds with the harmonic cypher and AB=CD patterns, so that the price is expected to drop to 11906-12074