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Market Sentiment At Its Lowest In 10 Months

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

Strong U.S. Dollar Weighs On Blue Chip Earnings

Strong U.S. Dollar Weighs On Blue Chip Earnings

Earnings season is well underway,…

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…

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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

 

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