Today should be a bottom but a short term one. I was looking for this type of a drop but it dropped farther than I expected.
The 20 day ema is about to cross the 50day average which was one sign of a bottom that I was looking for. The 13 day crossing another indicator was another sign and that is on the verge of happening.
I’m just on the verge of getting sells (probably initial ones today) so that is telling me there should be one more big pop before we get a brutal decline.
In early April 2000, there was a flash crash decline that reversed into a rally into the end of the week. The $vix got up to a crazy 65 today on this at worst 4% decline today. That’s quite some panic.
The markets are already down to near their 200 day averages with very little internal damage. (The Fang stocks are getting eviscerated) It’s scary to think what will happen when the broad indices join in. Let’s see how things play out the rest of the week.
We seem to be following the 2011 pattern which makes sense given that it was 666 weeks from the October4,2011 low a few weeks ago. It will most likely drop to the 100 day average and then bounce again which happened in late 2021 as well.
August 16th is a key date I will be looking to. We have major astro activity and the Alien movie is coming out on that date. Mercury Retrograde starts next week but they’ll do something tricky like start a bounce from it.
The market should have crashed 2020 to 2022 but they held it up waiting for the right astro positions to be in place like Jupiter in Gemini and probably Pluto going into Aquarius and some of these other long term cycles. We’re about to enter another astro condition that is responsible for the American Revolution, Civil War, and World War 2 cycle and I don’t think any market will hold up in the face of that. It also makes the December period an interesting time.
I wrote elsewhere that Jupiter will be in its October 1929 location in mid August but it’s pretty much there right now. It could be that they wait for Jupiter retrograde in December for the ultimate decline. Some incident might occur after the election.
We should have a little pop on Monday and then a reversal. The fiercest stage of this decline is yet to come yet I’m still a few days away from minor sells. On aTA aspect, we are on a sell. The 20 day EMaverage is about to drop through a key indicator which will happen if we continue to decline.
We’re on our way to the 200 day average and the April low. If the 2007 cycle works, then that will hold and they might do an emergency rate cut. If we’re in the South Sea Bubble of 1720 and Panic of 1873 cycle then it could be straight down into September with one bounce along the way.
The RSIs were too extreme at the recent high which has me thinking there will be another high later.
SP500 jumped up to its 13day moving average today and then fell back. The 13day is now flat.
This week was a bad period in 2007.
The Sun was opposed to Pluto today rather than Mars. Mars just moved into Gemini on its way to joining Jupiter in the near future.
All of my sell signals went away though. It would take a few days for them to trigger which is presenting a quandary. The 30 day is reaching a level that would be considered bearish. The SP bounced off the 30 to the 13 which would be inline with an ongoing correction.
I wrote back when Trump was “convicted” that his sentencing date would be occurring just when things would be getting turbulent in early mid July. The 12th/13th was when Venus opposed Pluto in it’s new home of Aquarius. That is a nasty marker in certain times. It preceded waterfall drops. It happens all the time but Jupiter is now in its position back in XXX. They have since moved his sentencing date back to another interesting time.
It’s pretty apparent now that Biden won’t win the election. Election years can be dangerous when the incumbent doesn’t win re-election or as in 1974 is forced to resign. Or when the incumbent can no longer run.
What will the upcoming Mars Pluto opposition bring if this is what the Venus Pluto opposition produced?
There is some similarity to the Nasdaq weekly chart from early March 2000. The $ndx weekly has a 78 RSI reading. That RSI needs to be weakened. We might get a couple of more divergent highs later.
Today should be a bottom but a short term one. I was looking for this type of a drop but it dropped farther than I expected.
The 20 day ema is about to cross the 50day average which was one sign of a bottom that I was looking for. The 13 day crossing another indicator was another sign and that is on the verge of happening.
I’m just on the verge of getting sells (probably initial ones today) so that is telling me there should be one more big pop before we get a brutal decline.
In early April 2000, there was a flash crash decline that reversed into a rally into the end of the week. The $vix got up to a crazy 65 today on this at worst 4% decline today. That’s quite some panic.
The markets are already down to near their 200 day averages with very little internal damage. (The Fang stocks are getting eviscerated) It’s scary to think what will happen when the broad indices join in. Let’s see how things play out the rest of the week.
We seem to be following the 2011 pattern which makes sense given that it was 666 weeks from the October4,2011 low a few weeks ago. It will most likely drop to the 100 day average and then bounce again which happened in late 2021 as well.
August 16th is a key date I will be looking to. We have major astro activity and the Alien movie is coming out on that date. Mercury Retrograde starts next week but they’ll do something tricky like start a bounce from it.
The market should have crashed 2020 to 2022 but they held it up waiting for the right astro positions to be in place like Jupiter in Gemini and probably Pluto going into Aquarius and some of these other long term cycles. We’re about to enter another astro condition that is responsible for the American Revolution, Civil War, and World War 2 cycle and I don’t think any market will hold up in the face of that. It also makes the December period an interesting time.
I was looking for a bounce up to the 20day ema today but that didn’t quite happen but breadth was negative.
If it jumps the 20 day average, then it will continue to rally.
I wrote elsewhere that Jupiter will be in its October 1929 location in mid August but it’s pretty much there right now. It could be that they wait for Jupiter retrograde in December for the ultimate decline. Some incident might occur after the election.
We should have a little pop on Monday and then a reversal. The fiercest stage of this decline is yet to come yet I’m still a few days away from minor sells. On aTA aspect, we are on a sell. The 20 day EMaverage is about to drop through a key indicator which will happen if we continue to decline.
We’re on our way to the 200 day average and the April low. If the 2007 cycle works, then that will hold and they might do an emergency rate cut. If we’re in the South Sea Bubble of 1720 and Panic of 1873 cycle then it could be straight down into September with one bounce along the way.
The RSIs were too extreme at the recent high which has me thinking there will be another high later.
SP500 jumped up to its 13day moving average today and then fell back. The 13day is now flat.
This week was a bad period in 2007.
The Sun was opposed to Pluto today rather than Mars. Mars just moved into Gemini on its way to joining Jupiter in the near future.
All of my sell signals went away though. It would take a few days for them to trigger which is presenting a quandary. The 30 day is reaching a level that would be considered bearish. The SP bounced off the 30 to the 13 which would be inline with an ongoing correction.
I wrote back when Trump was “convicted” that his sentencing date would be occurring just when things would be getting turbulent in early mid July. The 12th/13th was when Venus opposed Pluto in it’s new home of Aquarius. That is a nasty marker in certain times. It preceded waterfall drops. It happens all the time but Jupiter is now in its position back in XXX. They have since moved his sentencing date back to another interesting time.
It’s pretty apparent now that Biden won’t win the election. Election years can be dangerous when the incumbent doesn’t win re-election or as in 1974 is forced to resign. Or when the incumbent can no longer run.
What will the upcoming Mars Pluto opposition bring if this is what the Venus Pluto opposition produced?
Thank you. I’ll be the important 55. 55 days from my bday?
There is some similarity to the Nasdaq weekly chart from early March 2000. The $ndx weekly has a 78 RSI reading. That RSI needs to be weakened. We might get a couple of more divergent highs later.