Nasdaq: Double Top Near 24,000 Aligns With Gann Timing for Cycle Peak

Double Top Formation

• First top: Aug 7 high ~24,047 (Weekly Sell 1).
  
  
• Second top: Aug 15 high ~24,068.5.
  
  
• These Nasdaq highs cluster tightly within the Square of 9 resistance band (23,962–24,047), reinforcing the geometry of resistance.
  
  
• Neckline: 23,101 (Weekly Buy 1). A confirmed break below would activate the bearish double top projection toward 22,489 and potentially deeper.
  
  

Gann 360-Day Cycle Context

• The current cycle began Sept 28, 2024, with a projected low due Sept 28, 2025.
  
  
• The Aug 15 peak aligns with the 330° point in the 360-day cycle, often a major topping window.
  
  

From the cycle view:

• Top formation (Aug 7–15) = exhaustion high into the final 45 days of the cycle.
  
  
• Next (LON:NXT) harmonic: 360° completion on Sept 28, 2025 → statistically high probability of cycle low.
  
  

This means the current double top could represent the terminal high before the final cycle decline.

Square of 9 Price Geometry

Using the Square of 9, key harmonics relative to the pivot zones:

• 23,101 (neckline) → falls near a 270° level, which often marks support/decision points.
  
  
• 24,047–24,068 (tops) → align closely with a 360° completion from the last significant swing low (July 18 pivot).
  
  
• Projection down:
  
  
  • First downside target: 22,489 (Weekly Buy 2), corresponding to a 180° Square of 9 retracement from the top.
    
    
  • Extended target: 21,900–21,750 → aligns with 225° level on the Square of 9 spiral, in harmony with the Gann cycle low window.
    
    

VC PMI Alignment

• Weekly VC PMI = 23,435. Current settlement (23,161.75) is below equilibrium, confirming bearish mean reversion bias.
  
  
• If 23,435 is not recovered, odds favor testing 23,101 (neckline) and 22,489 (Weekly Buy 2).
  
  
• Reclaiming 23,435 would neutralize the double top and suggest a re-test of 23,799–23,962 (daily sells).
  
  

Synthesis – Market Outlook

• The double top at ~24,000 is not just a chart pattern — it sits at a Gann 330° timing window and a Square of 9 360° resistance.
  
  
• The 360-day Gann cycle projects weakness into late September, aligning with a downside target cluster at 22,489 → 21,750.
  
  
• Momentum (MACD) confirms bearish divergence, strengthening the case for a cycle decline into the Sept 28, 2025 window.
  
  

Conclusion

This is a classic double top reinforced by both time (Gann) and price geometry (Square of 9 & VC PMI). Unless 23,435 is recovered quickly, the probabilities strongly favor a breakdown toward 22,489 and possibly 21,750, completing the 360-day cycle low by late September.

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