Nasdaq entering correction phase E-MINI NASDAQ-100 FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) CME_MINI:NQ1! ET-Invest Hi everyone, we broke last week the uptrend channel as well as moved below some important moving averages. I believe we are now in for a small correction before the market can continue upwards. I have highlighted some of the possible U-turn areas with Fibonacci extensions. I have also highlighted a potential new downtrend channel .