Nasdaq 100: Near term forecast

Hi everyone,

Just to share my forecast for the Nasdaq 100 over the next couple of weeks.

Though I think there will be further lows in the mid-term, I expect a near-term bounce to around 11.8k (38% Fib retracement).

This is based on Elliot wave count wave ii of C, which I think is currently taking place.

Additionally the MACD appears oversold on the daily chart and 4hrs.

This analysis is void if we fall below the previous fractal at around 10.65k, before 11.8k is reached,

Good luck!