The Nasdaq 100 Index has reached important Fibonacci levels. We believe it’s up wave (3) has been completed and a corrective wave (4) is under way with a target towards the 4000 area.
![NASD](https://riskmarket.co.uk/wp-content/uploads/2015/05/NASD-300x165.jpg)
![NASD1](https://riskmarket.co.uk/wp-content/uploads/2015/05/NASD1-300x165.jpg)
![nasd2](https://riskmarket.co.uk/wp-content/uploads/2015/05/nasd2-300x165.jpg)
By Theodoros Batsoulis
Technical Analyst
Risk Market
www.riskmarket.co.uk