NQ - correction or turning bearish?

CME_MINI:NQ1!   NASDAQ 100 E-mini Futures
NQ currently has an immediate resistance turned support at 12900.
Near term support zone is between 12750 - 12900.

12750 is where I marked D which is a confluence of:
1. the 100% fib projection of the previous correction from A to B (projected onto C)
2. the 50% fib retracement level of the BC mini swing up

As long as NQ does not go below 12750 (+/- 50), it is still within "normal" correction for now. No need to "panic" yet!

p/s all bullish bets off if NQ had a close below 12700

Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!

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