this week is one of Gann's most important weeks in the year when" the sun crosses the equator and Fall officially begins and stocks make important changes in trend"
(WD Gann The Stock Market Course,1935)


for a move lower generally I think we need to see something like this in the Nasdaq,which was strong last week
ie a spike through the upper Boll and then reverse hard

IBB has also been showing relative strength and is looking like a 3rd attempt to break 300 (25% off the low)