On the chart I have outlined what I refer to as the "unstable zone". This area is full of gaps and holes and dojis and is a minefield. The centerline of the zone is the August 9 candle, highest volume day in history. This is what is being resolved here, you can see where we closed today. Look carefully at the candle patterns of the last few weeks, the only way this Nasdaq can rally is on a breakaway gap up.
