As the WEF (World Economic Forum) in Davos is developing, and after the US holiday on monday, the market today picked up the up-trend very strongly. NASDAQ is currently retracing from the 60 pips up-move, and expecting the trend to continue if the "Confirmation level" is broken. Taking profits at 127% and 161.8% Fib levels. Only shorting if the "Invalidion level" is taken.