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Linton_White

Expecting More Pain But It All Depends On The Federal Reserve

US Nas 100 (OANDA:NAS100USD)  
Linton_White  
OANDA:NAS100USD   US Nas 100
Trend Analysis Chart Patterns Wave Analysis nasdaq NASDAQ 100 CFD nasdaq100 NASDAQ 100 CFD NASDAQ 100 E-MINI FUTURES US NAS 100 Bearish Patterns flatpattern
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trendanalysis chartpattern waveanalysis nasdaq nas100 nasdaq100 ndx nq1! nas100usd bearish flatpattern
The downtrend on the daily timeframe is in tact and there was a close below the 38.2% Fibonacci retracement level. This leads me to believe that we will see the continuation of the downtrend to the 50% Fib retracement level. All eyes will be on the Federal Reserve meeting this week as that will be the ultimate deciding factor.

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