Also crude oil is setting up a pattern similar to its July 1990 bottom. I think it needs to chop around in its new lower range for a little while more. Look for the 30 day average to get super extended from the 100 day average. As I remember, crude should tag its flat lower weekly Bollinger Band for the bottom.
We just had a mini rally into a 3rd lower high like at the end of May 2011. I have a few minor sell signals now but there is an interesting technical formation that could indicate we are still in a bear phase. The 30 day average of several prominent averages is above a certain technical indicator. In a bull run, it’s usually the other way around. I’m sure it was in that condition in late 2011 but I can’t check anymore because a certain chart website has become difficult. A continued rally would change that situation though.
But a continued rally would send another indicator to the moon to its highest levels in the past 3 years. That’s more analagous to a raging bull market. Is that likely? Especially with a killer cycle linked to the Covid crash of 2020 coming up?
Or it could start the new month down big like in June 2011 but we’re a little behind schedule on that. It’s going to take a few days to get sells. AAII bullishness is very high.
Tuesday will be a Fib 34 trading days from the July highs. There was a similar 34 trading day high-high pattern late December 2022 to early Feb 2023. Those were in the early days of this run. possible wave 1 material (the end of it or wave 1 of 3?)
The market topped on September 3rd in 1929. That was a Tuesday following a Labor Day just like this year. It was also a new moon, and 9-3 will have a new moon also.
I still think this was a bear market rally ala late May 2011. It has gone longer than then. The nasty Mars-Jupiter in 1929 position conjunction square to Saturn square to quickly moving Venus is starting to come unraveled. Venus is still moving between its squares and oppositions of those planets.
Tomorrow is the much hyped Kobe 8-24 day and then we have a high value numerology day on Monday 8-26(8)-8 (888) which also has a 666 day relationship to my personal crash in 2006. (18 years 29days earlier)
We rallied into the secondary high ala late May 2011. Next week we get the worst astrology of the era which should produce some geopolitical fireworks.
Today was basically the .618 retracement in time following the 14 trading day initial decline off the top. Last week’s hollow candle in the SP500 and near one in the Nasdaq basically predicted that the market would rally throughout the week.
Next Monday is the 19th which is a special number for a certain crowd plus it is a full moon to coincide with the brutal astrology. The major planets are already aligning now and Venus will be joining the mix soon.
The Trap movie was supposed to be released tomorrow according to the trailer but it came out last week. I wonder what that means for tomorrow. I still think we’ll rally probably to next Tuesday but there still might be more chop to finish off the week.
The SP500 dropped below the weekly version of an indicator. That usually produces a bounce back above it or a bottom. Then the next decline below it should be quite firm.
Mars is squaring the moon’s node soon which is when we can get these geopolitical events. There is a solar eclipse on October 2.
Also crude oil is setting up a pattern similar to its July 1990 bottom. I think it needs to chop around in its new lower range for a little while more. Look for the 30 day average to get super extended from the 100 day average. As I remember, crude should tag its flat lower weekly Bollinger Band for the bottom.
We just had a mini rally into a 3rd lower high like at the end of May 2011. I have a few minor sell signals now but there is an interesting technical formation that could indicate we are still in a bear phase. The 30 day average of several prominent averages is above a certain technical indicator. In a bull run, it’s usually the other way around. I’m sure it was in that condition in late 2011 but I can’t check anymore because a certain chart website has become difficult. A continued rally would change that situation though.
But a continued rally would send another indicator to the moon to its highest levels in the past 3 years. That’s more analagous to a raging bull market. Is that likely? Especially with a killer cycle linked to the Covid crash of 2020 coming up?
Or it could start the new month down big like in June 2011 but we’re a little behind schedule on that. It’s going to take a few days to get sells. AAII bullishness is very high.
Tuesday will be a Fib 34 trading days from the July highs. There was a similar 34 trading day high-high pattern late December 2022 to early Feb 2023. Those were in the early days of this run. possible wave 1 material (the end of it or wave 1 of 3?)
The market topped on September 3rd in 1929. That was a Tuesday following a Labor Day just like this year. It was also a new moon, and 9-3 will have a new moon also.
I still think this was a bear market rally ala late May 2011. It has gone longer than then. The nasty Mars-Jupiter in 1929 position conjunction square to Saturn square to quickly moving Venus is starting to come unraveled. Venus is still moving between its squares and oppositions of those planets.
Tomorrow is the much hyped Kobe 8-24 day and then we have a high value numerology day on Monday 8-26(8)-8 (888) which also has a 666 day relationship to my personal crash in 2006. (18 years 29days earlier)
We rallied into the secondary high ala late May 2011. Next week we get the worst astrology of the era which should produce some geopolitical fireworks.
Today was basically the .618 retracement in time following the 14 trading day initial decline off the top. Last week’s hollow candle in the SP500 and near one in the Nasdaq basically predicted that the market would rally throughout the week.
Next Monday is the 19th which is a special number for a certain crowd plus it is a full moon to coincide with the brutal astrology. The major planets are already aligning now and Venus will be joining the mix soon.
And we have the Alien flick being released today.
The Trap movie was supposed to be released tomorrow according to the trailer but it came out last week. I wonder what that means for tomorrow. I still think we’ll rally probably to next Tuesday but there still might be more chop to finish off the week.
The SP500 dropped below the weekly version of an indicator. That usually produces a bounce back above it or a bottom. Then the next decline below it should be quite firm.
If we get a double bottom going into the end of the week, then that would be very bullish.