NASDAQ 100 Rally Despite China Woes and Auto Weakness?

The NASDAQ 100 (cash chart) could bounce up from the 61.8 Fibonacci retracement (daily chart).
In this case, a rise of 5-10+ % could be possible.

In the chart, Fibonacci retracement levels have been plotted from the Covid low in March 2020 to the all-time high in November 2021.



This is just an idea. Do not trade it! Do your own research and make your own decisions. You are solely responsible for your trades.