NQ along with all major indexes has printed a STRONG GREEN candle in week 15 followed by a WEAK RED candle in week 16 closing below the CLOSE of the green candle but at a major support area around 18300. Although the index has established a higher low on the daily chart but it shall need to break and close above 20000 to show signs of change in an ongoing downtrend. Since, the index has been respecting pivots, supports and resistance in spite of moving under the stimulus of geopolitical news, we can safely take positions in SELLERS or BUYERS areas expecting the index to move sideways or in the downward direction until the geopolitical winds have calmed down.