There were two separate opportunities to SELL this market during the intra-day hours. These price points are indicated by the blue circles on the chart.
The probabilities favor a decline continuing into tomorrow.
The first price objective to watch for will be 4100 for the Nasdaq. If prices break below this support area, then, the next stop along the way down should manifest at around 4070.
Should prices instead rise and break the downside momentum they’ve established to this point, you’ll need to watch for an HOURLY close above 4160 to further confirm it as a genuine upswing. These are all short-term, intra-day observations only. – George.
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By joining, I’m able to connect this rare information to you to let you know of some special situations coming in the markets.
What’s in it for You? You may be one of those looking for just such specialized knowledge and joining will help you to confirm the validity of the techniques over time.
What’s in it for me? You may, in turn, tell others thereby helping to spread a sense of purpose and order in the markets around the World. Also, I’m still striving to reach out and teach others the results of my over 45-years of research work through my several courses of instruction.
NOTE: Even if you don’t wish to join the Gann Trader’s Group, and, this ‘Astrological’ approach towards Gann analysis is of interest to you, please let me know. It will encourage me to continue my work on the subject. There’s no obligation, this is just to sample my reader’s interest levels.
Thank you to those of you who have written to me over the last few days. I value your feedback greatly.
If popular enough, I’ll continue to post other charts with astronomical market points of immediate interest. Please E-mail me HERE and, thank you for your interest. – George