NAZ to retrace a little of the drop from yesterday.
This morning's sharp opening looks like it completed a clean 5 waves down from yesterday's highs. Looking for resistance around 1930. This is a 38% retracement AND the area of wave 4 of yesterday's drop.
Similar resistance at the wave 4 level appears in the DAX today.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.