Nasdaq 100 should see a bounce soon.
Updated
Look for a pause or retracement near $14909 - $14863, back to the Fib 8 or 6.618 at $15056 or $15162 respectively.
Comment
We saw a nice bounce near the zone but deeper than anticipated. This is actually good information and tends to lead to a lower price likely in the future. So, I can see $14818 as the next low and maybe choppy price action like 15th to 20th Sept ahead. Whether we hit the targets at $15056 or hit the next low at $14818 is going to be a challenge. But $15056 is the first bullish targetComment
Lower target was hit first. Still have $15056 as the bullish target. Bearish trend still continues, so I don't want to fight it. The 3 lower targets are on the chart at $14762, $14740. and $14671. If $14671 is hit first before $15056, we should look for a strong retracement first wave to target at $15056. But a trend line break should be drawn and considered.Comment
$14671 was hit with a health bounce of $100. This is the place we want it to hold for a correction toward $15056.Otherwise next lower target is likely to be $14500, then $14,055
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Both fib targets hit and looking higher toward fib 1.618 at $15550
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