• 31 mins Bejing's Sway In South China Sea Is Fading
  • 17 hours Saudis Eye Billions As Stocks Get Emerging Market Boost
  • 20 hours Airbnb In Acquisition Mode Ahead Of IPO
  • 23 hours Gold Hangs At $1,300 Ahead Of Fed Meeting
  • 1 day Champagne Sales Slow As European Economic Worries Grow Louder
  • 2 days Putin Signs “Digital Iron Curtain” Into Law
  • 2 days Russian Metals Magnate Sues U.S. Over Sanctions
  • 2 days Tesla Looks To Jump Into Indian Market
  • 2 days Global Banks Lay Groundwork To Re-Inflate Asset Prices
  • 3 days Homeowners Experiment With Risky New Investment Trend
  • 3 days U.S. Tech Stocks Look Increasingly Vulnerable
  • 3 days De Beers To Expand World’s Most Profitable Diamond Mine
  • 3 days Ford CEO Gets Raise After Massive Layoff Round
  • 4 days Germany’s Flirtation With Recession Could Cripple The Global Economy
  • 4 days Where To Look As Gold Miners Inch Higher
  • 5 days Google Faces Billions In Fines From European Regulators
  • 5 days The Energy Industry Has A Millennial Problem
  • 6 days Russian Banks Scramble For Sanction Loopholes
  • 6 days Gold ETFs Take A Hit After Four-Month Run
  • 7 days European Union Takes Aim At Ten New Tax Havens
Lending: The Good, Bad, And Ugly

Lending: The Good, Bad, And Ugly

Aristotle said, “The most hated…

The Chatroom Cartel Running Global Bond Markets

The Chatroom Cartel Running Global Bond Markets

Eight major banks have been…

  1. Home
  2. Markets
  3. Other

Stock Market Drop Likely Monday, Gold Topping?

The technicals, cycles and astro-read suggest a high probability of a severe drop in the stock market Monday to as low as the low/mid SPX 1840's. The SPX likely completed the 100 TD low +/- 16 TD's on February 11. The SPY grid lines below shows lines of support and resistance. We may be repeating September 2015 here into March 18. The next important reversal zone besides the full moon being in Virgo on February 22nd, is the Sun/Neptune-Saturn-Jupiter translation from February 29 to March 8. March 8th would mirror Sept 17, 2015 if all works the same with a drop to retest the SPX 1814 area on March OPEX.

SPY Daily Chart
Larger Image

Below is a daily look at GDX with Andrew's Pitchfork. It looks like we are process of forming a Head and Shoulders Pattern Top. There is a TLC low due March 3. GDX looks to get hit hard like the SPX on Monday. Gold may have made its high for this move and GDX is playing catch-up.

Market Vectors Gold Miners ETF 2-Hour Chart
Larger Image

SPDR Gold Trust Shares Weekly Chart
Larger Image

 


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
BluStar Market Timer offers auto-trading for those who don't have the time or inclination to trade their own accounts.

 

Back to homepage

Leave a comment

Leave a comment