Nasdaq 100: Near Term Projection

Hi Everyone,

I think we've recently started a C-wave of a zig-zag correction.

My current thinking is that we'll have one more wave down which I expect to reach around 11.8-11.9k.

At this point I would expect there to be support for a short-term bounce afterwards.

If price does significantly break above the upper parallel line this analysis is void,

Good luck!