The Nasdaq 100 (NDX) Square of Ninety shows price at the 4 points per day line. This square is draw with 360 points in 90 days. The 1/4 lines within the square can be used to find the 90 point levels from the March low. At the 90 day mark price had moved approximately 5 points per day.

The NDX daily swing chart is holding up quite well. As I noted in a couple previous posts, my guess is that price will break down towards the 1×2 angle to complete this short term A-B-C consolidation after a move of approximately 90 days. The 25% price line is a place to watch for support if a move down does occur within the next week or two.

Related Posts
Tags: Gann SquareNo Comments
0 responses so far ↓
There are no comments yet...Kick things off by filling out the form below.