Replies to post #23258 on ajtj99's Market Pulse

[Gizmo]

Didn't everybody expect this at some point?

[ajtj99]

There are two gaps on the indices now (last week's and this week's). Today's gap should fill in a wave 2 drop in a couple of weeks.

If you take the current gap and assign a .618 re-trace level to it, you get a target of COMP 2094 and NDX 1512.

Two levels to watch for pivots today are COMP 2042 and 2055.
2055 is a fib and 2042 is the daily upper BB, which should act as support.