To start out the week I think we get some more upper testing of the range. The NASDAQ is already working on it and so is the Dow. I think the key moment for this week will be when the NASDAQ tests that gap down on Tuesday morning. The only problem is when it gets there; I won’t be at Times Square to see it.
Click charts to enlarge
Jeff Greenblatt is the author of Breakthrough Strategies For Predicting Any Market, editor of the Fibonacci Forecaster, director of Lucas Wave International, LLC. and a private trader for the past eight years.
Lucas Wave International (https://www.lucaswaveinternational.com) provides forecasts of financial markets via the Fibonacci Forecaster and other reports. The company provides coaching/seminars to teach traders around the world about this cutting edge methodology.