From Gann's time cycle analysis, i am forecasting a top around Aug 13 and bottom on Aug 19 (around the 4350 level)
The bottom should touch on the MA100 and backup again.
Comment
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seeing a top on Aug 13 ... today is Aug 16 (Monday) and with Taliban in Afghanistan this market could go down for a few days.
Trade closed: target reached
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Yes the bottom indeed made on Aug 19. though the top was made one trading day later Aug 16, instead of Aug 13 as i have indicated in the post. I have made new posts on this .. pls check out my latest post