NASDAQ Measured Move Dump Down to 15,250
Will be watching for an entry short for the pump up followed by the dump down to 15,250 area of the peak formation low from which the bull run started.
The market is already broken down as NASDAQ is leading the market right now. DJ30 is the last one to break down. ES is the middle child.
We are still in a bear market and this is just a quarterly pullback for the monthly dump down.
See below my prior posts where I correctly called the break out pullback measured move to 4575 area. Now that the move has hit the objective, we shall see a breakdown of this market for the ULTIMATE target of 2500 area on ES. A 50% move down to load the boat
The market is already broken down as NASDAQ is leading the market right now. DJ30 is the last one to break down. ES is the middle child.
We are still in a bear market and this is just a quarterly pullback for the monthly dump down.
See below my prior posts where I correctly called the break out pullback measured move to 4575 area. Now that the move has hit the objective, we shall see a breakdown of this market for the ULTIMATE target of 2500 area on ES. A 50% move down to load the boat
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