• 6 hours Is This The Big Biotech Bust?
  • 12 hours Funding Is The Biggest Hurdle For Clean Energy
  • 1 day Walmart Reaches Out To Chilean Government For Protection
  • 1 day The Most Exciting Gold Find Of The Decade
  • 1 day Mining Boom Sparks Deforestation Concerns
  • 2 days The Cannabis Culling Has Wall Street Disappointed
  • 2 days Vigilante Offers $100,000 Bounty To Hack Banks
  • 3 days The Dairy Industry Is Dying
  • 3 days The Most Impressive Electric Vehicle Of The Year
  • 4 days Gold Miners Are Having A Stellar Second Half
  • 5 days How 3D Printing Is Turning Each And Every Industry On Its Head
  • 5 days Is The $3.5 Trillion Healthcare Industry About To Get Much More Transparent?
  • 6 days Gamblers Are Betting Big On Trump’s Impeachment
  • 7 days Even Banks Can't Answer Aramco's Trillion Dollar Question
  • 7 days Will Bezos Buy The Seattle Seahawks?
  • 8 days 6 Tech Trends Transforming The Travel Industry
  • 8 days Ousted Uber CEO Cashes Out $500 Million In Stock
  • 8 days Trump Prepares For Another Key Tariff Decision
  • 9 days The Free Money Bubble Is About To Burst
  • 9 days The Crushing Reality Of Poverty In America
Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

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