Look for long positions on Nasdaq dips, until the MACD crosses.
The bull market continues for the past 7 weeks. For position traders, we may be near a top to take a short position. On an intraday basis, i will buy dips as long as buyers continue to show the conviction to take this higher. As we near the , as shown by the blue line in the chart, pay attention to buying strength vs. selling fear in the price action.