Stock Market Headed for 10% Decline
All the cycles that I follow are topping for the stock market. In fact, ideally, the SPX should top on Monday 8/8 near 2189. I believe we see 1972 by September 1.
The week ahead should see weakness after initial strength. A rally on Thursday should be the “b” wave of an a-b-c type drop into Friday. The expected large drop on Friday could be a monetary issue as Venus squares Saturn on the 13th as Saturn turns stationary/direct. Venus rules money. Saturn also conjuncts the moon Friday (the moon in Sagittarius is often times the low of the cycle); is also an 8 TD low from the 5 week low last week on August 2.
I believe the gold sector topped on the 2nd of August as Mars entered the sign of Sagittarius. It looks now like we are headed for a month end low near the August 30th Mercury Stationary/Retrograde date. The dates August 17-19 should see a large drop for GDX as well as the stock market. August 18th is a full moon and lunar eclipse, as well as Bradley Turn. The 19th is a 2.5 week low for the SPX.
Mars looks war-like as we get closer to the 24th, 26th and 29th of August. August 25-September 1 should see a large drop in the stock market.
The chart below explains the stock market forecast in detail:
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