After having fallen 7.36% from the ATH (22nd November) to the local low (7th December), NAS100, along with the stock market as a whole has been rapidly making its way up through the retracement levels with NAS100 now sitting just below the 0.702 fib retracement level. It looks like price is going to move sideways between the 0.702 and 0.382 levels awaiting the outcome of the Fed Rate Decision/FOMC Press Conference next Wednesday, I will be looking to take advantage of this by selling around the 0.702, and looking for long entries around the 0.382.
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