$.NDX Nasdaq 100 Index consolidation phase hitting the 2nd downside FIB target of 38.2% Downside risk towards a 50% fib level retracement! Risky times!

  $.NDX  Nasdaq 100 Index consolidation phase hitting the 2nd downside FIB target of 38.2% as well as fighting hard for support at the bottom end of the front end of the Cloud support target! A break below the bottom end of the Cloud could trigger the bear market state on the Cloud Chart. Rebound potential at this critical FIB and Cloud zone! Downside risk  towards  a 50% fib level retracement! Risky times!

Need to see support come back into the market at the critical bottom end of the Cloud Chart! Make or break week ahead!