25 May 2016 at 21:34 GMT
Some very interesting alignments are seen on the Nasdaq100 (USNAS100.I - NAS100.I). The time cycles from the Dec peak into the Feb 11 low and the April 18 peak isn't perfect but close to. Further more on April 12 the last thrust higher started, it took 6 days ending on the EC on the Gann wheel. From the high on April 18 into the low on May 6 took 18 days almost perfectly on the EC thus being a 360 alignment indicating a first move lower of a new cycle. The subsequent bounce has now taken 19 days which is on the EC. So time cycles might be lining up here and it appears a valid point that we should be able to at least re-test the early May lows. For this to stick markets should not be able to hold up beyond May 27 and not break the April 18 peak.