NAS100 Shock Retreat 23.02.2024 by BDSwiss_Academy on TradingView.com
It has been a crazy day yesterday 22nd Feb. All indices including the NAS100 surged after strong earnings reports and a blowout January employment report that boosted confidence in the economy and a risk-on mood for the high-tech stocks such as Nvidia.
Is this the end of the upward and rapid movement? We use the Fibo retracement levels to find the 61.8% that the market potentially will retrace to, as indicated by the arrow, that level is near 17800 USD.
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