• 657 days Will The ECB Continue To Hike Rates?
  • 657 days Forbes: Aramco Remains Largest Company In The Middle East
  • 659 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,059 days Could Crypto Overtake Traditional Investment?
  • 1,063 days Americans Still Quitting Jobs At Record Pace
  • 1,065 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,068 days Is The Dollar Too Strong?
  • 1,069 days Big Tech Disappoints Investors on Earnings Calls
  • 1,070 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,071 days China Is Quietly Trying To Distance Itself From Russia
  • 1,072 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,075 days Crypto Investors Won Big In 2021
  • 1,076 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,077 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,079 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,079 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,082 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,083 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,083 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,085 days Are NFTs About To Take Over Gaming?
  1. Home
  2. Markets
  3. Other

Why the Stock Market Must Fall Hard Monday

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

 


Subscription Website: www.blustarmarkettimer.info
Blog: www.blustarmarkettimer.com

 

Back to homepage

Leave a comment

Leave a comment