Nas100 seems to reject resistance at the golden level on the FIB. It has shot pass these intervals with grace and continued flowing into momentum. This snowball effect is due to previous levels supporting the breakaway. the weekly has bottomed out but has support as a leverage for the downtrend. The RSI level being at the 25 and the 21 SMA covering the RSI convinces me that we are headed lower on the daily. This level is being held by bullish resistance on the 4hour, but if it does not hold the bears will break and and spread reasonably for even more pips!...