As I said in the prior post I'm not going to be doing as many new posts due to the lack of being setup on a new Windows 10/11 computer. Everything is on my Windows 8.1 computer. I'm just going to post less until I can get back into the grove of things and I've not even started to set everything up on a Windows 10 computer yet. I have a Windows 11 computer (I hate it) but it's not setup with all my usual programs, nor has the monitors of my Windows 8.1 setup. Anyway, here's what I see for this week...
The most likely turn date is Wednesday the 19th, but it could be off a day or so and drag out into this Thursday or Friday. The key thing to watch is for the market to run the stops overhead by at least 50 points, if not a 100. Then we should start back down.
But with another turn date around the 26th we might not drop very much in the beginning and could do a bounce back up into next Wednesday for a lower high, and then collapse into mid-March, like right in front of the FOMC that month, which is on the 19th. I think we will bottom prior to then but we could bottom in the first week of March, go back down for a higher low into the second week and then after the FOMC we have a strong rally. It's too early to know right now but that's certainly possible. I'm just focused on catching the short that should appear this week.
Have a blessed day.
I will probably get a better sell signal on Monday but we already broke the 13 day average. It wouldn’t surprise me to see an immediate snapback rally. The SP 500 ended the week down at the 50 day average and the lower Bollinger Band.
The SP500 topped on 02-19 also in 2020 before the Covid crash and it is 5 years or 60 months later. There has been a variant of the 5 month cycle going back to August 2015. (115 months ago) It was straight down from that point on but there also was a little Covid episode going on.
The Captain America Movie was a doozy. Trying to interpret that would take a dissertation. It appears all the action will take place when the cherry blossoms take place. There is a lot of cherry scenery in it. I don’t know if it is predicting civic war chaos or international chaos or both. They appear to be insinuating a Pearl Harbor scenario around a “Celestial Island.”
That 41 week cycle came into play last week as well. It missed last time or shortened to 38 weeks. But it reasserted itself last week. It is tied to a certain astro cycle.