Commodity Prices

Gold •531 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,881.90	+66.00	+3.63%
WTI Crude •11 mins	55.35	-1.47	-2.59%
Gasoline •11 mins	1.682	-0.050	-2.91%
Ethanol •531 days	2.161	+0.000	+0.00%
Silver •531 days	30.82	+1.16	+3.92%

Silver • 531 days	30.82	+1.16	+3.92%
Copper • 531 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	59.02	-1.54	-2.54%
Natural Gas • 11 mins	3.887	-0.125	-3.12%
Heating Oil • 11 mins	2.132	-0.048	-2.22%

Headlines

915 days Will The ECB Continue To Hike Rates?
915 days Forbes: Aramco Remains Largest Company In The Middle East
917 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,317 days Could Crypto Overtake Traditional Investment?
1,322 days Americans Still Quitting Jobs At Record Pace
1,324 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,327 days Is The Dollar Too Strong?
1,327 days Big Tech Disappoints Investors on Earnings Calls
1,328 days Fear And Celebration On Twitter as Musk Takes The Reins
1,330 days China Is Quietly Trying To Distance Itself From Russia
1,330 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,334 days Crypto Investors Won Big In 2021
1,334 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,335 days Food Prices Are Skyrocketing As Putin’s War Persists
1,337 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,338 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,341 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,342 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,342 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,344 days Are NFTs About To Take Over Gaming?

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Wells Fargo Back In The Spotlight Over Personal Loan Cancellations

Wells Fargo has done it…

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…

More Info

Contact Author

The 4% Drop Ahead: Down into February 6?

By Brad Gudgeon - Jan 30, 2017, 6:08 PM CST

The chart below explains why I now believe we drop down into February 6th to the 2202 SPX level. The next few days may be choppy as we form a bear flag around the rising trend line. SoLunar turn days ahead include Jan 31, Feb 2, Feb 4-7 and Feb 10. Mercury squares Uranus on Jan 31, and Jupiter on Feb 2.

Feb 6th is when Jupiter turns retrograde (with the moon in Gemini). Feb 10 is when the moon in Leo turns full and has an eclipse. Balances of lows and highs suggest a low on Feb 6th and a high on Feb 10. The coming xyz pattern suggests another new high (Feb 10) before turning down into mid/late March, perhaps as much as 14%.

S&P500 Daily Chart
Larger Image