• 9 hours Tesla Set To Deliver 1 Million Electric Vehicles Next Year
  • 1 day Holiday Spending Already Soaring Amid Pandemic
  • 2 days Another Stock Market Crash Could be Looming
  • 3 days Trump Loses Another Leg Of The WeChat Battle
  • 4 days DOW Plunges Amid WInter COVID-19 Surge Fears
  • 5 days Big Profits Are No Longer The Top Priority For Oil Investors
  • 6 days Banksy’s Littered ‘Monet’ Sells for $10M
  • 8 days Three Renewable Energy IPOs To Watch
  • 9 days Bitcoin Nears $13,000 As PayPal Joins The Crypto Fray
  • 9 days DOJ Declares The Obvious: Google Is A “Monopoly”
  • 11 days Alibaba Is About To Make History Again
  • 12 days Robinhood Users Are Latest Target Of Pandemic Hackers
  • 14 days The Hydrogen Boom Will Provide A $200B Boost To Wind And Solar Energy
  • 15 days Will The 5G Rollout Overshadow This Major Merger?
  • 16 days Corporate Bitcoin Holdings Boost Crypto Confidence
  • 17 days Indonesia Rolls Out Augmented Reality Innovation To Combat COVID
  • 17 days Banks Are Getting Rich On Pandemic Overdrafts
  • 18 days The Real Reason China Is Betting Big On Renewables
  • 18 days Europe Wants To End The Big Tech Monopoly
  • 19 days New Breakthrough Could Transform Rare Earth Mining
What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

  1. Home
  2. Markets
  3. Other

The Long Awaited 4% Pullback May Be Close

Last time I wrote, I said that a 10-week bottom was close and could come as late January 31. Venus square Saturn (today) has a variance of +/- 2 TD's, the ten-week low can come as late as January 31 and the 16 TD low can come as late as +4 or 20 TD's (January 31).

The odds are high in my book for a big down draft on Monday into Tuesday next week. My target is 2205 on the S&P 500 (we'll see) Tuesday. There are positive astros for a peak on Feb 10 with Mercury sextile Venus. If we drop hard over the next 2 trading days, the pattern would suggest a strong rebound rally to new highs by then, likely somewhere in the 2310's.

There is the possibility we see S&P 500 1991/92 by the third week of March, or a 14% drop. I was thinking that early on, doubted it, now I again think it is possible.

Right now, the sentiment is out the roof positive (bullish), which makes me a very short term bear. I have some negative non-confirmations on a lot of my indicators. Thursday sported an evening star. Any pull back next week should be bought for one final, strong rally, IMO (at least in this phase of the market).

S&P500 Daily Chart
Larger Image

My subs are heavily short right now in SPXS, UVXY and SPY puts, getting ready to buy the dip.

 


Subscription Website: www.blustarmarket.info

 

Back to homepage

Leave a comment

Leave a comment