Price Time Volume Investing

The Square of 52 on the Nasdaq 100  is approaching 104 weeks beyond the 2007 top.  Price has moved back to 50% of the range of the first 52 weeks.  This cycle is one to watch since a correction is eventually going to occur.

The linear Squareroot Progression of the Nasdaq 100 hit five cycles of 360 degrees from the March low at the recent high.  I would not be surprised if that price cycle provides too much resistance for an extended market to break through.

The bear market Gann fan has broken through the 1×1 angle signaling a potential weaken of the market.  Price bounced off the 50dma but volume has not been strong on the two day retrace.

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Tags:   Gann Square · Square of 91 Comment