NASDAQ Channel Down top. Strong short-term Sell Signal.US Tech 100TRADENATION:USTECTradingShotLast week (March 30, see chart below) we gave a strong Buy Signal on Nasdaq (NDX) as it was sitting at the bottom of its 2-month Channel Down: The 23950 Target got hit very fast and now the price reached both the 4H MA100 (green trend-line) and the 0.618 Fibonacci level from the previous Lower High of the Channel Down. When that took place on February 11, which was the Channel's first rebound (Bullish Leg), the index got rejected back to the rebound's 0.786 Fibonacci retracement level. As a result, we expect a new rejection here, targeting 23100 (Fib 0.786). Notice also how the 1D RSI on the 1D time-frame is also reversing downwards. --- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** --- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇