Commodity Prices

Gold •505 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	1,511.90	-5.30	-0.35%
WTI Crude •11 mins	58.38	-0.62	-1.05%
Gasoline •11 mins	1.909	-0.010	-0.50%
Ethanol •505 days	2.161	+0.000	+0.00%
Silver •505 days	30.82	+1.16	+3.92%

Silver • 505 days	30.82	+1.16	+3.92%
Copper • 505 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	62.88	-0.50	-0.79%
Natural Gas • 11 mins	4.519	+0.045	+1.01%
Heating Oil • 11 mins	2.477	-0.057	-2.23%

Headlines

890 days Will The ECB Continue To Hike Rates?
890 days Forbes: Aramco Remains Largest Company In The Middle East
892 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,292 days Could Crypto Overtake Traditional Investment?
1,297 days Americans Still Quitting Jobs At Record Pace
1,299 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,302 days Is The Dollar Too Strong?
1,302 days Big Tech Disappoints Investors on Earnings Calls
1,303 days Fear And Celebration On Twitter as Musk Takes The Reins
1,305 days China Is Quietly Trying To Distance Itself From Russia
1,305 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,309 days Crypto Investors Won Big In 2021
1,309 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,310 days Food Prices Are Skyrocketing As Putin’s War Persists
1,312 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,313 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,316 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,317 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,317 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,319 days Are NFTs About To Take Over Gaming?

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

Wells Fargo Back In The Spotlight Over Personal Loan Cancellations

Wells Fargo has done it…

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

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