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WadeYendall

NAS 100 stuck in no man's land

NASDAQ 100 E-mini Futures (CME_MINI:NQ1!)  
WadeYendall Updated   
CME_MINI:NQ1!   NASDAQ 100 E-mini Futures
Trend Analysis Fibonacci Chart Patterns
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trendanalysis fibonacci chartpattern
NAS 100 closed out last week in the middle of no mans land. Price sits inside the neutral zone(tan box) and within the 9/21 emas. Key level to the down side would be 13352 and 13620 to the upside. Bitcoin is currently setting the tone for risk assets. If it continues to sell off expect to see weakness in small caps and growth. If it manages to rebound sharply again then risk assets should see a bid.
Comment:
Closed above 13620 which makes for a very bullish close above the 618. I would not be surprised to see a pull back before continuation, but things look promising.
Comment:
Had the pull back as expected then the continuations move on Friday. ATH is within striking distance. Test of the 886 fib likely.
snapshot
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