 Good morning traders Patrick Manley here with another Tickmill Chartix. What to draw your attention today as we start the week to a potential developing opportunity in the NASDAQ 100. Obviously we've been on an absolute tear since the March lows but we can see now the potential for a five-wave cycle to complete. We have the 161 fib extension of the decline into the March lows coming in 11,694. If the wave count is correct here then we can see an equality objective versus the potential wave for low coming in 11,620. So what I've been looking for is any bearish reversal patterns developing in and around this 11,620 area to set short positions initially targeting a test of the sending trend line support coming in at around 11,000 and potentially down to 10,500. As always traders plan the trade, trade the plan and most importantly manage your risk. Until next time.