Sorry for the late analysis. We have a triangle formed on nasdaq. A break down will take us next to 11980- then we will need a break of 11980 support and the trend line for the bears to continue. As for the bulls- We are at a important point on the daily- We really need a break of 12100 for the bulls to continue. if you have a look at the daily you will see a triangle has formed. It failed to break yesterday and if we go back there again we will see if it manages to break.