gann square chart

Since I trade off charts, I thought I'd throw something up- regardless of how much merit Charts might have on small caps.

For anyone interested, red dash horizontal lines are the major "Square out" points where major changes in trend "might" occur, the next one isn't until October. Black dotted Horizontal lines would be your minor square out points where smaller changes/ counter trends might occur.

IMO the chart's looking more bearish with price holding under/ around the base level of the previous rally( marked in red), and under the 1x1 angle. If price moves below the 50% again( red horizontal), then I'd expect it to move lower this time and test the 1x2 angle. For Price to rally it needs to do so shortly and push up through the 1x1 angle, breaking out above the base from where the last rally started in Dec.

Anyone who charts should post something up in this thread, I'm keen to see Cake and his EW! :)