From the lows of 2018 to the highs of 2020 the fib speed resistance got a perfect tag in NQ/NDX. Now, the question on everyone's mind is if this was "it" and i believe the answer is a resounding no. But, not before a possible retest of the .382 or even .236 and a new high.
When we zoom out to the time cycle analysis there's still much, much more X axis to go before this storm clears up..
The nested time cycle low, or trough, is over four different long, long term time cycles. Meaning this is a generational event, not a transitory one after all.
My forecast though is just looking for a tag of the .618 on the FSRF. Time will tell.
Thanks for reading.