• 4 days 3 Restaurant Stocks In Full Recovery Mode
  • 4 days Bitcoin Is Driven By Testosterone
  • 9 days Quantum Computing Is The Newest Megatrend In Silicon Valley
  • 10 days How To Invest In The Cybersecurity Boom
  • 12 days Investors Are Patient With Unprofitable Giants
  • 14 days Wells Fargo Back In The Scandal Spotlight Once Again
  • 16 days 5 Stocks To Keep A Close Eye On This Year
  • 17 days As Auto Giants Flail, Look To Chip Stocks For Gains
  • 18 days Central America Is Ready For The Bitcoin Hustle
  • 20 days China’s Video Game Restrictions Unlikely To Slow Down Booming Industry
  • 21 days Top Performing Stocks As Inflation Fears Grow
  • 22 days US Airline Stocks Take A Beating On New EU Restrictions
  • 23 days This IPO Could Open Sustainable Fashion Floodgates
  • 24 days Crypto Crime Nets Another $2B Fraudster
  • 26 days This Week’s Hottest Meme Stocks
  • 27 days Why World Markets Should Be Watching Germany Closely
  • 29 days Could ‘Cultured’ Meat Rival The Plant-Based Megatrend?
  • 32 days ‘Easy Money’: Crypto Is Still Attracting Newbie Investors
  • 33 days Foreign Syndicates May Have Stolen Up To $400B In COVID Benefits
  • 34 days Gold Jumps Above $1800 Ahead Of Jackson Hole Summit
Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

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

Market Forecast: OPEX Week July 2017

I have SPX falling to 2444/45 Wednesday and GDX down to near 21.90/.93. By Friday SPX should be tagging 2479 +/- and GDX to near 22.99/23.00. Past cycles and VOL cycle suggest an up open tomorrow that will be sold. By 11:00 EDT we should see a sell-off to 2444/45 SPX. Wisdom dictates late day buying (3:00) of XIV on the secondary low. I like VXX or UVXY on the open Wednesday. A 6% gain in UVXY is possible tomorrow into late in the day on the secondary low.

Volatility players should look to buy XIV on the expected dip Wednesday. It is making a new high today, suggesting higher prices ahead for stocks. All in all, I expect XIV to net about 5% from Wed into Monday where we have Mercury trine Uranus. Expect a mild drop next week Monday into Wednesday. Today has Venus trine Jupiter after the close confirming topping action Wednesday.

The 7 Week low came on July 11 and that cycle does not top until the lunar eclipse of August 7, the next 16 TD top (targeting 2495). From Aug 7 to August 31 is exactly 18 TD's same as the Oct 2014 sell-off and the March 1 to 27 sell-off for wave X. We are still in Wave Y. I have Wave Z pegged for 2263.

Next week sees the Mars/Sun conjunction and these always presage about a 10% drop within 6 weeks of the exact aspect (July 26). Mars aspects are suggesting some nasty things ahead, some of which may include some war tension especially in and around the Solar Eclipse of August 21 into August 31. Trump's Mars figures strongly in all this. Astro hot spots include Iran and North Korea.

The ten week low occurred on June 29 and was 53 TD's. August 31 (moon in Sagittarius same as July 6) is exactly 44 TD's (9 weeks), the minimum a ten week low can occur. The upcoming low is a 10/20/40/80 week low, also known as the 18 month cycle. A powerful XYZ signature where Z takes out the X wave low hard is very bullish suggesting new highs in October, where many longer term cycles top (including the 10 year and 88 year cycles). The formation is known as a broadening top.

Wave Z of 2 in 2011 was about 20%, and Z of Wave 4 should be about the same into late 2018. The final 5th wave should top sometime around early 2020 (same as early 2000) and drop hard into 2022 where the 90 year cycle low from 1932 is expected. Benner has a cycle top due in 2018 +/- 2 years and a cycle low due in 2021 plus or minus 2 years. I expect around 3250 for the final 5th wave top.

A 4th turning 80/84 year cycle crisis war (last seen in late 1941 and before that late 1860) is due around the expected October 2022 low (gold has a 7-year low due then too from late 2016).

SPX Hourly Chart
Larger Image

SPX Daily Chart
Larger Image

GDX Daily Chart
Larger Image

 


Subscription Website: www.blustarmarkettimer.info
Occasional Updates may be found at www.blustarmarkettimer.com

 

Back to homepage

Leave a comment

Leave a comment