• 3 hours The Top Tech Stocks Of The Year
  • 18 hours America’s Workforce Elderly Workforce To Double By 2028
  • 24 hours Toyota Tests Solar-Powered Prius
  • 2 days Why The Gold Rally Flatlined
  • 2 days The Uranium Sector Can’t Catch A Break
  • 3 days Upcoming Fed Meeting Has Investors On Edge
  • 3 days Global Gold Sector Outlines Responsible Mining Principles
  • 4 days China’s Giant Vampire Fund Loses $120B
  • 4 days McDonalds To Roll Out Robot Drive-Thru Clerks
  • 4 days Savvy Investors Are Betting Big On This Little Data Company
  • 5 days How The Government Is Wasting Tax Money This Year
  • 5 days Supply Concerns Halt Expansion On Tianqi Lithium Plant
  • 5 days The World’s Biggest IPO Is Almost Here
  • 6 days The Relatively Of Money And Happiness
  • 6 days Wall Street Unfazed By Recession Fears
  • 6 days SoftBank Urges WeWork To Pause IPO Plans
  • 7 days Anti-Aging Market To Hit $55 Billion
  • 7 days JPM, Morgan Stanley Take Advisory Roles In Aramco IPO
  • 7 days Are Bonds In A Bubble?
  • 8 days The Unknown Media Giant Taking The World By Storm
The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

Billionaires Are Pushing Art To New Limits

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

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

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:

SPX Daily 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

 

Back to homepage

Leave a comment

Leave a comment