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Dr_Roboto

NASDAQ trend lines, channels and fib levels

US 100 (CURRENCYCOM:US100)  
Dr_Roboto Updated   
CURRENCYCOM:US100   US 100
Trend Analysis Chart Patterns Wave Analysis NASDAQ 100 CFD QQQ SPX (S&P 500 Index)
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trendanalysis chartpattern waveanalysis ndx qqq spx
NASDAQ running strong in its trading channel. You can see it pulling away from the trend line and showing a lot of FOMO/MOMO. Still looks like it has room to run before some level of pull back.
Comment:
Is it going to stop at 12200? That is a key fib level of the March rally.
snapshot
Comment:
Perfect candle wick through the fib level. My guess would be a double top to test and try to get touch the 0.854 level.
snapshot
Comment:
Touched the 0.854 fib and broke down back to the 0.786 level, right on cue.
snapshot

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