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).