If nasdaq 100 #nq_f futures close over 13,000, the likelihood of taking out the august high is extremely likely, and september month would go engulfing bullish green candle, shocking everyone by reversing traditional cycles.
The same thing happened already in 2022 when april had a huge red candle, reversing traditional cycle theory that calls for a green april.
Until we break the recent lows, bulls have full control of current market trend. A break of recent september lows would signal extreme downside targets for all indices, as the june 2022 lows would surely not hold.
The same thing happened already in 2022 when april had a huge red candle, reversing traditional cycle theory that calls for a green april.
Until we break the recent lows, bulls have full control of current market trend. A break of recent september lows would signal extreme downside targets for all indices, as the june 2022 lows would surely not hold.