$S&P;500; and NASDAQ COMPOSITE UPDATE

STOCK MARKETS 1 Minute

$S&P;500 and NASDAQ;COMPOSITE probably got that final push higher during last week of 2023.

We discussed on a TOPPING formation on both INDICES on 15th,DECEMBER.
it likely took 2,weeks to complete and culminate the rally.
BOTH INDICES as of today has been holding their supports of 4,650&14,400 respectively.
Once we get a daily close below these levels that would certainly confirm my overall take on U-S-MARKETS.
TIME wise entire next week is going to be very critical, If MARKETS breaks their supports next,week,then we could get a very powerful move on downside.
More than NASDAQ,
S&P is poised very precariously,
because below 4,650 absolute PRICE-TIME-EQUALITY level is placed at 4,465
Could take TIME but that’s the next trajectory.

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Published by SAAHIL BELIM

MY NAME is SAAHIL and I have been actively trading in EQUITY MARKETS from 2014. I have been using Gann theory in my TRADING JOURNEY since 2016. my approach to Gann THEORY is totally different than what you may have seen or heard in various YOUTUBE VIDEOS. I have developed multiple MATHEMATICAL MODELS which are based on METHODS described by sir gann in his courses. I never had used any kind of CHARTS to identify the TREND. hens I never share CHARTS to illustrate my view. I like to keep things SHORT and to the POINt!

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