Nasdaq: 13-01-2020 Analysis

Closing the previous week on more than 78.6% Fib drop, Nasdaq today pickup the up-Trend move during Asian markets. Battling to overcome the 9'000 level and the previous peak level at 9'050, NQ is moving within an Upward channel. Retracement wave 4 is expected to touch the lower channel and resume the move up if the "confirmation" level is overtaken.