Fibonacci Inflection Point

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Fibonacci Inflection PointE-mini Nasdaq-100 FuturesCME_MINI_DL:NQ1!LucidNinjaInflection Point We are currently holding at the 0.23 Fibonacci retracement level, which is not considered a particularly strong Fibonacci level, but it is being reinforced by trendline support. Higher-timeframe oscillators, including the daily timeframe, are still showing bearish momentum. Because of this, I expect increased volatility Sunday night into Monday morning, particularly through the futures session and into the 9:30 AM stock-market open. For futures to establish further upside momentum, we need to see a decisive break of at least 500 points to the upside. Until that occurs, I remain slightly bearish but neutral overall, waiting for confirmation before taking a stronger directional bias. We have a massive bearish diamond Forming on the daily, but as we know with corrections of major market indices, they could be stubborn, but if you’re looking to get in on anything other than dollar cost, averaging your mutual funds, I would be keep my stops tight and be very nimble in my opinion, waiting until after the market opens and through Monday to see how we react might tell a lot