Stock Market Warning Signs, Gold Bounce Due

By: Brad Gudgeon | Sun, Nov 20, 2016
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All year, I have been looking for an important bottom in the stock market around the end of November. The 40 week cycle low is due to give us at least an 11% shellacking and we have not seen one yet. I believe November 29th to December 5th may be the dates that will give us that drop.

Short term we are also due for a pullback, probably into November 21-22 of about 1½ to 2% off the top on Friday. Friday posted an evening star reversal sign.

Gold made an irregular bottom on Friday, with huge positive divergences. GDX did not make a new bottom, also, creating an inter market bullish divergence.  We may see a huge spike up Monday and Tuesday, in the precious metals and GDX, as the stock market falls.

On the astro front, we are running into a plethora of reversal signatures coming up all together forming a cardinal T-square on the 29th. I discussed some of these aspects a few posts ago (I hope it is not an internal power coup, but a money play, like perhaps the Chinese devaluing the yuan that causes the expected downdraft: Venus square Uranus on the 29th gives us some hint of that).

Heliocentric Mercury in Sagittarius (November 5-16) dropped the PM’s down hard; now we have Geocentric Mercury in Sagittarius (November 12-December 2) and the Sun (rules gold) joining in Sagittarius on November 21 (with the moon in Leo), which means a strong move up initially and should generally remain strong into December 2 for GDX and into December 5 for gold, itself.

S&P500 Daily Chart
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VanEck Vectors Gold Miners ETF 2-Hour Chart
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SPDR Gold Trust 2-Hour Chart
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I have a current special on my website that will help you take advantage of the SPX, GDX and Volatility all for the price of one subscription. Looks like big moves directly ahead!

 


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Brad Gudgeon

Author: Brad Gudgeon

Brad Gudgeon
BluStar Market Timer
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eaglesoveramerica.com

BluStar Market Timer Investment Philosophy: The stock market is currently in a technical Elliott Wave Bear Market Rally. It has been exhibiting A-B-C type waves instead of the normal 5 Waves since the market topped in 2000. According to "The Original Works of R.N. Elliott", we are due for a move down to about the S&P 500 442/443 area in the next few years. In my opinion, this is no longer a buy and hold market, but a traders' market. We mainly swing trade the market with funds and ETF's, but otherwise trade according to the market's disposition and to the traders' discretion. For the year 2014, BluStar Market Timer is rated #1 according to Timer Trac. http://www.blustarmarkettimer.info

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