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Nasdaq 100 Index hit its 38% Fibonacci retracement level and channel resistance of late at (3) in the chart above. Has created a short-term series of lower highs of late.

Game Plan…Am not interested in owning the NDX at this time due to resistance.  A break above Fib and that is a different story!

How The Recent Decline In Stocks Looks "Eerily" Like Major Bear Markets Of The Past