28 trading days off the high marked the secondary high in previous historical epochs but I think the topping process can extend later into the week. They’ve been using Thursdays and Fridays for turns lately. Friday would be 15 trading days off the low to match the 15 trading days down into the low.
There is a catalyst for a hard drop on Tuesday next week. They are releasing the PPI on that day, strangely ahead of the CPI.
A break of the 50 day average would indicate the decline is on. I’m looking for the 20 day ema to reach a certain level on a derivative index/indicator to mark a possible high. This would tie into similar levels seen at the 2022 top. We are getting close but the data hasn’t come out yet today.
RSI is at 58 which marked the secondary top back in a certain little era. The upper Bollinger band is not too far away. It should provide some resistance. The market at best should stay flat the next two days except for the tech sector which could still fly.
This week is the 41 week cycle so it should be the high. There is some similarity to April 2000 here. The snapback rally has taken the SP500 to the white hollow bar that marked that secondary top which corresponds to the Fib .618 level.
Tomorrow is the new moon after the close. Wednesday is 28 trading days off the top. The astro is benign right now and into the middle of the month. NVDA could make hew highs with the $ndx. Most of the indicators are middling to semi bullish now. We need to look for some signs of exhaustion to start to get wary.
I think it drops into the end of the week to make it a down week.(to a new low)
The indicators that I mentioned last week never crossed. (which preceded the final move down into mid to late August last year). The 20 day ema remained flat with the other indicator and the 30 day sma remains flat above both. The 20 day ema should cross another xxxxx to mark a bottom.
It might be topsy turvy tomorrow for Fed day. I expect Thursday and Friday to be the high energy days. (for numerological reasons among others)
The SP 500 and Nasdaq also tagged the 20 day average yesterday. It was a classic bounce off the lower Bollinger band to the middle band move. Usually happens earlier in the decline. This happened in September 1987 but we’re not following 1987.(that move would have already happened.) We’re also back to the zero line on $nymo.
We probably put the top in today instead of a low. It’s six and nine months from the July 27th top and October 27th bottom from last year. There is another 41 week cycle coming up though.
They probably gap it down on Monday and leave everyone behind. There is some nasty astrology that involves Mars this time on Sunday. (which includes its conjunction to Neptune) Then it probably runs down for the entire week since it wasn’t a down week this week. But we’ll see how the week starts and how the misdirectors predict.
Some of the leading indices were down today like the Transports and financials.
The SP 500 got up to the 13day sma today and hit the other indicator I mentioned yesterday. (it often acts as a trend indicator-creating the resumption of the prevailing trend.) The 20 day ema crossed another indicator which preceded the final spike down late last August.
I expect a drop into the end of the month now for a full month downtrend. There is a Fed meeting on May 1st.
The SP 500 bounced up to its other key resistance at the 50day ema which also provided key resistance during another historic time. It barely missed tagging another key indicator. The Dow and the $nya have surpassed those targets while the Nasdaq is lagging the most in this rally.
I would guess that $nymo has hit the zero line or surpassed it.
It probably continues to bounce up tomorrow into the full moon. Up to the 20 day Ema and the 13 day simple moving averages (which are the same thing now) as well as other key indicators. The full moon will be involved with the Sun Pluto square which occurs after the market is closed.
28 trading days off the high marked the secondary high in previous historical epochs but I think the topping process can extend later into the week. They’ve been using Thursdays and Fridays for turns lately. Friday would be 15 trading days off the low to match the 15 trading days down into the low.
There is a catalyst for a hard drop on Tuesday next week. They are releasing the PPI on that day, strangely ahead of the CPI.
A break of the 50 day average would indicate the decline is on. I’m looking for the 20 day ema to reach a certain level on a derivative index/indicator to mark a possible high. This would tie into similar levels seen at the 2022 top. We are getting close but the data hasn’t come out yet today.
It’s too early for the start of the big wave down. Need to be patient. It looked like NVDA had a little flash crash today.
SP 500 will probably tag the upper B Band and the 20 day ema should approach the 50 day sma to mark a top.
RSI is at 58 which marked the secondary top back in a certain little era. The upper Bollinger band is not too far away. It should provide some resistance. The market at best should stay flat the next two days except for the tech sector which could still fly.
This week is the 41 week cycle so it should be the high. There is some similarity to April 2000 here. The snapback rally has taken the SP500 to the white hollow bar that marked that secondary top which corresponds to the Fib .618 level.
Tomorrow is the new moon after the close. Wednesday is 28 trading days off the top. The astro is benign right now and into the middle of the month. NVDA could make hew highs with the $ndx. Most of the indicators are middling to semi bullish now. We need to look for some signs of exhaustion to start to get wary.
I
I think it drops into the end of the week to make it a down week.(to a new low)
The indicators that I mentioned last week never crossed. (which preceded the final move down into mid to late August last year). The 20 day ema remained flat with the other indicator and the 30 day sma remains flat above both. The 20 day ema should cross another xxxxx to mark a bottom.
It might be topsy turvy tomorrow for Fed day. I expect Thursday and Friday to be the high energy days. (for numerological reasons among others)
The SP 500 and Nasdaq also tagged the 20 day average yesterday. It was a classic bounce off the lower Bollinger band to the middle band move. Usually happens earlier in the decline. This happened in September 1987 but we’re not following 1987.(that move would have already happened.) We’re also back to the zero line on $nymo.
We probably put the top in today instead of a low. It’s six and nine months from the July 27th top and October 27th bottom from last year. There is another 41 week cycle coming up though.
They probably gap it down on Monday and leave everyone behind. There is some nasty astrology that involves Mars this time on Sunday. (which includes its conjunction to Neptune) Then it probably runs down for the entire week since it wasn’t a down week this week. But we’ll see how the week starts and how the misdirectors predict.
Some of the leading indices were down today like the Transports and financials.
The SP 500 got up to the 13day sma today and hit the other indicator I mentioned yesterday. (it often acts as a trend indicator-creating the resumption of the prevailing trend.) The 20 day ema crossed another indicator which preceded the final spike down late last August.
I expect a drop into the end of the month now for a full month downtrend. There is a Fed meeting on May 1st.
The SP 500 bounced up to its other key resistance at the 50day ema which also provided key resistance during another historic time. It barely missed tagging another key indicator. The Dow and the $nya have surpassed those targets while the Nasdaq is lagging the most in this rally.
I would guess that $nymo has hit the zero line or surpassed it.
It probably continues to bounce up tomorrow into the full moon. Up to the 20 day Ema and the 13 day simple moving averages (which are the same thing now) as well as other key indicators. The full moon will be involved with the Sun Pluto square which occurs after the market is closed.