Nasdaq - Short term correction? E-MINI NASDAQ-100 FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) CME_MINI:NQ1! Juliac What a plunge yesterday although so far, we are still within the limits of a "normal correction". NQ's 5% drop stopped short @ 38% fib retracement of the swing up from 24 July. Should Nasdaq continue to fall today, there is a good chance it will find strong support around 11383 (where there is a confluence of a trendline and the 6.18% fib retracement supports). And we could have a bullish divergence in the works too. Not bearish unless NQ breach the 11383 support. Let's see what happens! Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade