nasdaq 100 analysis

Hi Guys, We have had big drop on nasdaq and I would expect the price to carry on dropping. This bearish move may carry on all the way to 13800 area before climbing back up. It is a retracement that was excepted for a while. In the meantime we will get pullback with opportunities for entry. However if the daily does close back in the channel things may change a lot. we may see more bulls before we see this retracement.