FinancialAdvisor's College Class (FACC)

[FinancialAdvisor]

*Snap Hook, the fan theory is certainly plausible here, however I would do it differently. I noticed you used a logarithmic chart, so I decided to do the same, however I carried up the fan to the past 2 major low's, whereas you kept the fan on the first bear waves major low of 1108.

I think by doing this it's more accurate, and you can also see back in late March this line was broken, and it was even tested to the upside a couple of times. I pointed this out with the blue circle, this is different then the previous fan test, as that was tested after the initial break and then again when the Nasdaq markets bubbled up in December.

Being that the fan I have drawn has already been tested twice right after it initially broke, and as the other one was tested twice, before it got close again and then simply decided to roll-over, which is what we saw January 3rd, I think something similar will happen here. In fact, the line may get tested, but I bet instead interest on the bull-side simple runs dry and we begin to roll-over as hard as what happened January 3rd.

In fact, I believe this is simply a wave 2 up, and the previous wave from January 3rd was the wave 1 down. I think 2040 is a key level to the downside, and 2076 could be key to the upside, both are fib retracements, pointed out in #msg-6425706