• 526 days Will The ECB Continue To Hike Rates?
  • 527 days Forbes: Aramco Remains Largest Company In The Middle East
  • 528 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 928 days Could Crypto Overtake Traditional Investment?
  • 933 days Americans Still Quitting Jobs At Record Pace
  • 935 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 938 days Is The Dollar Too Strong?
  • 938 days Big Tech Disappoints Investors on Earnings Calls
  • 939 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 941 days China Is Quietly Trying To Distance Itself From Russia
  • 941 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 945 days Crypto Investors Won Big In 2021
  • 945 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 946 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 948 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 949 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 952 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 953 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 953 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 955 days Are NFTs About To Take Over Gaming?
  1. Home
  2. Markets
  3. Other

Stock Market: Likely Pullback into Friday

I tracked the 4/8 TD lows and they point to 3:45 PM EDT Friday for the expected low±. Friday is the 32 TD low +1. It is also close enough to the 35 TD low due Tuesday next week (35-2). This would then thrust the market up for 4 to 5 TD's based on the minimum normal out of a 16/32 TD low and that is an August 18th or 19th top (August 18 is the full moon/lunar eclipse and Bradley turn/August 19th is OPEX). August 19th is 8 TD's from the August 9 top. August 18th is the exact 66-week top from the May 20/21, 2015 top. IF all goes according to my perceptions, we should see THE top for the year in the stock market next week.

Ideal down side is 2120/21 ± SPX for Friday and upside SPX 2217/18 ± for Thursday/Friday next week. This would call for a SEPT 8/9 low in the low 1930's or TD 51/52 from June 27 or TD 50+1 or 2 of the ideal 10/30 week low based on the next moon in Sagittarius lows.

The moon does not leave Sagittarius until after Friday setting up buying pressure into the following week as the moon enters Capricorn. The moon conjuncts both Saturn Retrograde (Rx) over the next two days in Sagittarius plus it squares Venus, Neptune and Mercury as well as the position of the coming solar eclipse on September 1.

We also have negative astros over the weekend that could affect Friday's action and that is Venus (rules money) square Saturn (contraction) on the 13th (while Saturn turns Stationary/Direct), and Venus (money) opposite Neptune (oil) on the 14th. Mars leaves the Rx zone on August 22.

It is interesting that we have a 45 calendar day turn due on August 13th (last time seen on June 28th). The last Saturn square Neptune pass is due on September 10th.

We have Venus trine Pluto tonight, which could also mean exhaustion of upside pressure on the open Thursday.

GDX looks like it could fall below $30 by Friday (Monday latest), creating a bull flag and higher prices at least into the $32’s. Good news for gold bugs (at least for now).

Playing the market is a lot like playing chess, you have to figure out what the possible moves are and position yourself accordingly.

 


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