NAS100 Retracement 09.01.2024

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NAS100 Retracement 09.01.2024 by BDSwiss_Academy on TradingView.com

The index rose significantly yesterday after the NYSE opening.

This was a clear reversal to the upside, crossing the 30-period MA on the way up and finding strong resistance.

This seems to be the end of the rapid movement upwards and it looks like it is time for a retracement back to the 61.8 Fibo level.

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