Nasdaq selloff and next levels

All right, folks, it’s been quite a wild ride today in the markets from take a look at the NASDAQ right now right now we’re at 14 to 55, down 170 points, or a little over 1%. Sounds pretty bad. But we were down to 13 706. So quite a recovery. So far across the broad market indices. Now we’re gonna take a look at what’s next, or what’s possibly in store through the rest of the month and into February. So I want to point out something right here. This right here is an area that we’ve been talking about basically, for about a month, we talked about being cautious in the queues technology, indices overall, not just because of the oversold levels that we saw, but because of seasonal Tennessee’s, you see, we have nothing but choppy to weakness in the middle to latter part of January. Before historically or seasonally we started to pick up at the end of January and into early February. So we take a look at the charts here. This is a chart of the NASDAQ could be the Q’s doesn’t really matter. But this is an area that we have identified, at least I’ve identified that I am waiting for, I think we’re going to probably come down to this area fake we’re getting this nice little bounce right now, we could push up higher rates as come back down again. But this is an area that I’m looking for. For a definitive reaction point. The next level that I’m going to be watching to is going to be right around in here this this is the last swing low. But if we take a fib tool from this last major swing low and the weekly and draw that up, notice that the area that I have marked here at 13 300, which we’re about 400 points away from today, coincides beautifully with a 76 retracement. So I’m expecting the market to come down here into this area, whether or not we get a bounce, who’s to say, but I do think that we’ll get some type of reaction, if we so if we do, that’s where we’ll drill down into the lower timeframes. Not just the daily, but perhaps the four hour, one hour or even the 30 or 10 minutes. And that’s what we call a sniper injury where we can look to get in with tight risk and look for more substantial upside reward. Now, if it does not hold and it’s breaks, we know where our risk is, we know it’s a shot we’re willing to take. And then we’ll simply wait and watch for the next level. Now I’m gonna be doing a free presentation on Wednesday, January 26 at 7pm Eastern This is precisely the type of strategies and methods that we’re going to be talking about identifying big money moves with a new trading strategy and tool that we’ve developed. It’s about trading in conjunction with the big funds institution to the smart money being positioned on the right side registrations for a I’m gonna hyperlink you to this page, and I can’t wait to see that