The Stock Market Meets the FED This Week
Last weekend, I was looking for bottom late Monday near 2067/70 and then a strong rally to perhaps as high SPX 2101/13 by Wednesday. The SPX bottomed early Tuesday at 2072 and rallied to 2115 by Thursday. I give myself an A- for that forecast, not perfect by any means, but close enough to make money on.
The whole cycle has shifted ahead by one trading day putting the final low on June 15 (instead of June 12, where I had previously expected), the day before the new moon (a new moon reversal). The new forecast suggests only a test of 2070/71 this time on Monday, not as low as I had previously thought.
As far as the FED meeting on Wednesday, I don't see any evidence of anything remotely negative going into the meeting. In fact, I believe we will already be rallying strongly into the meeting and the FED meeting should be a non-event. Silver could possibly benefit from the FED meeting, as I see an important bottom forming there. This means that the FED is not likely to raise rates anytime soon or even hint that they may anytime soon.
The chart below shows stock market strength from June 15 into possibly June 29 +/-. There are positive astro influences on June 22 and again around June 29-July 1. Cycle-wise, we should see some weakness from early Thursday this week into early Friday of around 1.5%, but it is still a buy the dips market.
The astro-cycles start to get negative from early July, and lasting into early August. We should see renewed dollar strength and a pounding of the precious metals market again during this time frame along with a probable 10%+ correction in the US stock market, possibly into late July/early August as we approach the 40 week lows from October 15, 2014.
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The BluStar Market Timer was rated #1 in the world by Timer Trac in 2014 (and from April 1, 2014 through March 31, 2015), competing with over 600 market timers. This occurred despite what the author considered to be (and still considers to be) a very difficult trading environment.
The BluStar Market Timer also now offers auto-trading and timely signals trading the Direxion BULL/BEAR 3X ETF and Silver Bull/Bear ETF's AGQ and ZSL. We are up over 29.3% since April 15, 2015 with the auto-trade signal. That is +4.7% last week alone.
Brad Gudgeon, editor and author of the BluStar Market Timer,
is a market veteran of over 30 years. The subscription website is www.blustarmarkettimer.info
To view the details more clearly, you may visit our free chart look at www.charts.blustarmarkettimer.com
This web site is also updated periodically as events unfold.