Here is what it looks like to me. A bounce this week off of the 11,000. Look for a higher-low this week to confirm. Long term looks down to around 10,000 to hit the next major fib retracement level at 0.382.
As you can see in the larger time frame, the NASDAQ is way above its channel since 2016. Markets almost always correct back to these long term channels.
Close up on 1H time frame.
As you can see in the larger time frame, the NASDAQ is way above its channel since 2016. Markets almost always correct back to these long term channels.
Close up on 1H time frame.
