Nasdaq at 50% retracement from peak in the late 90's to the drop in 2009. Could this be a the place where markets take a breather and correct? We'll see.
NASDAQ peaked extremely late in the 1990s on March 10, 2000 with an intraday high of 5132.52. You better check your numbers. Whether you use the 2002 or 2009 bottom we are well above the 50% retracement level.