NASDAQ - where are we in this squeeze...are we "there yet"?

NASDAQ - huge levels watch

NASDAQ is back to the 100 day moving average. As Bear Traps notes, this has been the longest period of tech trading below the 100 day moving average since Lehman. 13000/13200 is a huge resistance area to watch. Why not a flag here, another push higher, possibly overshoot the trend line and then another frustrating move lower. That would definitely be the main pain trade...