• 13 hours Hedge Funds Having A Banner Year
  • 16 hours Disney Heiress Asks “Is There Such A Thing As Too Much?”
  • 19 hours BHP Turns Bullish On EVs
  • 21 hours Investors Turn Bullish On America’s Nuclear Decommissioning Business
  • 2 days The $90M Inflatable Rabbit Redefining Modern Art
  • 2 days Huawei’s Fate In The Air
  • 2 days Tesla Slashes Prices Again
  • 2 days The Modern History Of Financial Entropy
  • 3 days Italy’s Central Bank Embraces Sustainable Investing
  • 3 days Trump Lifts Metals Tariffs To Cool Simmering Trade War
  • 3 days Researchers Push To Limit Space Mining
  • 3 days Could China Start Dumping U.S. Treasury Bonds?
  • 4 days Is Winter Coming For HBO?
  • 4 days Rise Of EVs Signals Peak Gasoline
  • 5 days Jeff Bezos Doubles Down On Space Colonization Ambitions
  • 5 days Gold Mining Stocks Stuck In Limbo
  • 6 days Executive Order Targets Huawei Over Espionage
  • 6 days Why Now May Be The Best Time Ever To Hold Gold
  • 7 days Fake News Sinks Shares In UK-Based Bank
  • 7 days De Beers To Build $468 Million Diamond Recovery Ship
Strong U.S. Dollar Weighs On Blue Chip Earnings

Strong U.S. Dollar Weighs On Blue Chip Earnings

Earnings season is well underway,…

How Millennials Are Reshaping Real Estate

How Millennials Are Reshaping Real Estate

The real estate market is…

Brad Gudgeon

Brad Gudgeon

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…

Contact Author

  1. Home
  2. Markets
  3. Other

E-Wave Says BIG Down in Stock Market June 24

The chart below of the S&P 500 suggests a move down to around 2041/42 early Friday, June 24 or about 3% down from today's high near 2107. The e-wave astro/cycle pattern also suggests a strong move back up into Tuesday, June 28 to perhaps as high as 2121/22. By July 5th, a move into the low 1900's is possible.

Everybody is focusing on the BREXIT, so the outcome, whatever it will be, will likely be the blame for the coming volatility. We shall soon find out. It is 12:30 CDT as I write this. I still see new highs by October 3rd.

GDX is also following the shortened 4 and 8 TD cycles (4-1 and 8-2). It would not surprise me to see GDX gap up Friday into the 26.20's followed by a drop to 24.62/63. Next week should see GDX back above 27, IF I'm reading the waves correctly.

SPX Hourly Chart
Larger Image

The masses of Irregular Tops (IT) and Bottoms (IB) since the April top should not have surprised me, as they seem to be ongoing. Today's IT is one example and it is one step higher degree in amplitude than the last mid 8 TD cycle top (TD 5) last Wednesday, suggesting a higher amplitude degree of moves going forward. Now we seem to be running 3 and 6 TD cycles instead of the usual 4 and 8 TD cycles.

Jupiter trines Pluto June 26, suggesting a top 2 TD's later, following the recent conversion to the 3/6 TD cycle from the 4/8. Looks like some crazy days ahead!

 


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

 

Back to homepage

Leave a comment

Leave a comment