Commodity Prices

Gold •10 mins	1,978.70	+29.10	+1.49%
Platinum •10 mins	997.40	+10.40	+1.05%
WTI Crude •10 mins	70.16	-0.74	-1.04%
Gasoline •1 hour	2.580	-0.014	-0.52%
Ethanol •7 hours	2.161	+0.000	+0.00%
Silver •10 mins	23.07	+0.28	+1.22%

Silver • 10 mins	23.07	+0.28	+1.22%
Copper • 10 mins	4.065	+0.021	+0.51%
Brent Crude • 12 mins	76.03	-0.66	-0.86%
Natural Gas • 10 mins	2.204	+0.033	+1.52%
Heating Oil • 33 mins	2.719	-0.021	-0.77%

Headlines

317 days Could Crypto Overtake Traditional Investment?
322 days Americans Still Quitting Jobs At Record Pace
324 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
327 days Is The Dollar Too Strong?
328 days Big Tech Disappoints Investors on Earnings Calls
328 days Fear And Celebration On Twitter as Musk Takes The Reins
330 days China Is Quietly Trying To Distance Itself From Russia
330 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
334 days Crypto Investors Won Big In 2021
335 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
335 days Food Prices Are Skyrocketing As Putin’s War Persists
338 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
338 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
341 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
342 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
342 days Two ETFs That Could Hedge Against Extreme Market Volatility
344 days Are NFTs About To Take Over Gaming?
345 days Europe’s Economy Is On The Brink As Putin’s War Escalates
348 days What’s Causing Inflation In The United States?
349 days Intel Joins Russian Exodus as Chip Shortage Digs In

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

Trade In Counterfeit Goods Hits Half A Trillion Dollars

The counterfeit market has breached…

Tesla Struggles To Compete In European Market

Tesla continues to catch the…

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

Why the Stock Market Must Fall Hard Monday

By Brad Gudgeon - Jul 30, 2017, 5:52 PM CDT

I have been warning for over a week now about a coming waterfall decline. The wave counts and cycles are at the point where I believe it is a virtual impossibility for the market not to implode Monday for the biggest one day loss of the year.

This next chart shows the daily e-wave count:

SPX Daily Chart
Larger Image

Now when we view the hourly chart (below), we see that we are down to the wire, the 3rd of the 3rd so to speak. Notice also the rising wedge pattern (above) with earlier false break.

SPX Triple Irregular Top Unwinding Chart
Larger Image

Next we view the daily chart of the GDX and future expectations (change dates 7/31, 8/14, 9/1, 10/9, 11/6, 12/22).

GDX Daily Chart
Larger Image

Next is a daily chart of the Dow Transports, which are breaking down badly and unlikely to recover with the expected new highs on the Indu, SPX and NDX August 14.

Dow Transports Daily Chart
Larger Image