ET-Invest

Nasdaq entering correction phase

Short
CME_MINI:NQ1!   NASDAQ 100 E-mini Futures
Hi everyone, we broke last week the uptrend channel as well as moved below some important moving averages. I believe we are now in for a small correction before the market can continue upwards.

I have highlighted some of the possible U-turn areas with Fibonacci extensions. I have also highlighted a potential new downtrend channel.


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