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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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Inauguration Day Selling in Stock Market?

Last time I wrote, I discussed the possibility of a Friday the 13th sell-off. Did I really believe it would happen? Actually, the odds were better for a January 20th sell-off based on the planets and dragonfly candle stick pattern we saw on 1/12 than the 13th.

What I was pointing out was the 10 week cycle low pattern (+/- 6 or 7 TD's from 50 TD's) and daily Bollinger Band squeeze alone. Now we have Mars Sq. Saturn 1/19 and the Sun/Jupiter lines crossing on 1/18. On 1/23 we have Mercury sextiling Neptune. That day should be very positive!

The parallels between Sept 9 and Jan 20 are striking! Looks like a less than 5% drop into March 21! Watch for a summer top!

S&P500 Inauguration Day Crash Chart
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