a KEY STRUCTURAL FAILURE.
If you trade the Nasdaq 100,
I've opted to show the 2 Hour Chart for illumination.
Notice the Important Pattern Support Fall Away Break of NDX 6400
That is the trigger
Then a failure rally, back to the prior pattern support point.
the technical expectation after a downside break.
Followed by a sharp almost immediate... 250 point move straight down.
That pattern trigger point failure that I have described
is now technically embedded into the chart.
That is at this point extremely .
Nasdaq 100 needs to reclaim 6350 almost immediately,
to invalidate this most recent very technical development.
Failure to do that
will result in an" ULTIMATE FAILURE RESOLUTION SETUP"
on the chart ,the technical expectation of which
could be a sharp continuation move down to NDX 5000.
NDX Last 6243.19
Thank you gvoommen.
Merry Christmas to you, and yours.