• 13 hours Will Biden Lift Sanctions On Venezuela?
  • 1 day How To Play The Next Stage Of The Marijuana Boom
  • 1 day India Looks To Import More Venezuelan Oil Under Biden
  • 2 days 3 Unstoppable Stocks With A Biden Boost
  • 2 days The Biggest Biotech Story Of 2021?
  • 3 days Biden Looks To Rejoin Paris Climate Agreement
  • 3 days Capital One Fined Again For Money-Laundering Failure
  • 3 days The Star-Studded Fund Backing Clean Energy Startups
  • 4 days The Unexpected Retail Segment On Track To Hit $68B
  • 6 days Oil Demand Falters On New Wave Of Lockdowns
  • 7 days Signal, Telegram Gain Ground As Social Censorship Breaks Headlines
  • 8 days Investors Should Be Worried About Tech Stocks
  • 10 days Battle For Market Share Intensifies In COVID Streaming War
  • 12 days Censorship Is Now Private, And That’s Scary
  • 15 days Markets Hit ‘Ignore’ Over Capitol Coup
  • 16 days Tesla’s China Strategy Is Yet Another ReasonTo Double Down
  • 17 days NYSE Reverses China Company Delisting Plans … For Now
  • 19 days The Dollar Could Remain Weak For Years To Come
  • 22 days The Simple Secret To Tesla-Like Gains
  • 23 days US-Listed China Stocks Have 3 Years To Become Transparent
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…

How Millennials Are Reshaping Real Estate

How Millennials Are Reshaping Real Estate

The real estate market is…

Trade In Counterfeit Goods Hits Half A Trillion Dollars

Trade In Counterfeit Goods Hits Half A Trillion Dollars

The counterfeit market has breached…

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…

Contact Author

  1. Home
  2. Markets
  3. Other

Stock Market Due for Minor Pull Back

Over 2 weeks ago, I was looking for a top on April 26th and another on May 1. Today's top appears to be a secondary top, which is pointing down in the coming days. My best guess is a move to 2356/57 SPX by Tuesday this week, and by Thursday or Friday, a move down to as low as the 2344/47 area covering or filling the recent gaps. Another move back up to new highs by around May 16th or 17th should be it for the intermediate term with a major 18 month low beckoning in early to mid August of this year.

As far as the precious metals complex is concerned, my thinking was right: we were due for a substantial pull back into the “twenty week low”, due ideally, next week. We should then see a nice multi-month rally (into the mid/late July time frame of this year).

S&P500 Hourly Chart
Larger Image

 


Our option and ETF players have been doing extremely well lately trading the swings. BluStar Market Timer is offering a FREE One Week Trial to any subscriptions. Please contact me on the contact page and let me know which subscription you wish to receive and e-mail to send your updates to.
Website: www.blustarmarkettimer.info

 

Back to homepage

Leave a comment

Leave a comment