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BIG Drop Next Week in Stock Market Probable (IMO)

OBV Failures Astro Cycles E-Wave GDX

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#1 blustar

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Posted 03 June 2017 - 02:10 PM

Last week, I was looking for a pull back into May 31’s 8 TD low.  The move down, however, was extremely shallow (wave ‘b’ 2418 down to 2403) and wave ‘c’ of Y looked to have finished on June 2 (or will finish by June 5 near 2440).  The trines of June 1 (Venus trine Saturn) and June 3 (Sun trine Jupiter) are usually found near tops.

 

On June 3, we have Venus conjunct Uranus in Aries (Mars rules Aries) and then the Sun squares Neptune in Gemini-Pisces June 4 while the Mars opposition to Saturn (May 29) orb still influences about two weeks out (through the end of next week).  Mars leaves Gemini the same day and enters Cancer (but still within the influence of Gemini). 

 

On June 5, the moon enters Scorpio (rued by Mars and Pluto), typically a day when the market tops and falls into the Sagittarius moon. The moon will be in harmony to Mars and Neptune until June 7th.  On June 6 to 7, Mercury enters Gemini, conjuncting the Sun, but opposite Saturn and later the moon (a lot of conflict in mutable signs, not good for the stock market).

 

On late June 7th, the moon leaves Scorpio and enters into Sagittarius (conjuncting Saturn) opposing the Sun (squaring Neptune) and Mercury. By the full moon of June 9 we have Jupiter in Libra (opposite Venus and Uranus) turning stationary/direct.

 

This is a lot to chew on I know, but the implications are enormous. According to the e-wave count, the coming 10/70 week low (due ideally June 7 +/-) and the Saturn/Uranus trine topping influence (until about July 10th) as well as the chart of GDX, I believe I have the found the correct e-wave count (I was amiss on the correct count last week, I do apologize). 

 

Currently, the On Balance Volume readings on the SPX and SPY do not confirm the late May top (over the March 2017 or mid May tops) nor the June 2 top over the late May top.  Price momentum confirms a higher high yet to come (July 10?), but not the volume-money flow momentum. This means selling pressure is increasing on down days and buying pressure is decreasing on up days.  May 31-June 2 showed the worst of the OBV negative momentum, giving us a hint that the stock market is about ready to drop, and drop hard and fast (I believe the May 31-June 2 rally was a sucker’s play). 

 

The last Bradley turn was due June 1 +/- and the next is due June 9th.  The next 8 TD low is due ideally early on June 12.  There is a 4 TD low (wave ‘a’ of Z of B) due Tuesday June 6 and a possible ‘b’ wave top due on Wednesday, which leaves the dreaded ‘c’ of Z drop (an Elliott third of a third) between June 7 and June 9.  By June 12, the moon will have already left Sagittarius and Capricorn (where the lows are generally found). The full moon is a reversal signature and so is Jupiter stationary/direct (my guess based on all this is that the FED will not raise rates in June). 

 

A large rally from June 9th to July 10th is likely with new highs perhaps into the 2450’s or 2460’s. My best guess is we see around 2274 SPX (see charts below) on the coming drop next week (down about 6.8%).  I see is a sudden sharp move up (9.8%) on GDX from June 7 to 9 (see chart below), which has me concerned that something sudden like a military strike or act of violence is about to take place (I mentioned this last week).

 

When all the dust is settled, the traders will see this as an opportunity to buy yet another dip.  After July 10, we have the Sun conjunct Mars in Leo on the 26th of July (which in the past has pointed to a 10%+ correction) surrounding this aspect and again Mars in Leo conjuncts the Sun eclipse over America on August 21 (which incidentally will come right over my house for 2 minutes and 30 seconds of complete darkness, I live 20 miles north east of Nashville, TN). 

 

If the mining shares continue to trade opposite the stock market, then I believe August 24th will be the big correction low (or close). August 21 will be exactly 50 trading days from the expected June 9 low (which will be 52 TD’s from the March 27 low). The ten week lows run about 50 TD’s +/- 6 TD’s. The August low will be the 10/20/40 and 80 week low (1.5 year) from Feb 11, 2016.

 

I have given two possibilities as to how low the stock market will drop into the summer.  My best guess is, we see a mild Running Correction of around 15%.  My thinking is based on the fact that Intermediate Wave Y of Primary Wave 4 went so far above the previous Primary Wave 3 (around SPX 2073, Nov 2015) and the Rising Wedge formation, which usually predicts a drop back to the second touch point ends at 2083. I can say with confidence that all of the Trump rally will be wiped out by August 2017.  What I can’t say for sure is if the Wave Z of 4 drop will terminate at 2083 or not.  IF the SPX breaks the area between 2073/2083 SPX, then I fear we are in for something bigger on the down side, like down into the 1700’s (see weekly chart below) to finish Primary Wave 4.

 

The chart of GDX shows a move up from the 20.40/.50 area on July 10 to the 28.00 area by August 24 (based on the Equality of Wave Principle and lines of resistance). This amounts to about a 38.5% move up (GDX and NUGT players take notice!).  I would think that if the stock market were to take a bigger hit than 15%, (and GDX was moving opposite the market due to fear) that the GDX move would be substantially higher than 38.5% by August 24th. It all remains to be seen.

 

The Mars placements in the charts in July/August are definitely warlike (or possibly just saber rattling), but in any case enough to cause fear in the markets.  I believe the USA will likely be involved and possibly Iran or North Korea (or both).  At this point, it is pure speculation on my part, so I leave the decision to fate.

 

 

6_2_17_spx_daily_astro_fans_cycles.png

 

 

6_2_17_gdx_daily_predicts.PNG

 

 

6_2_17_spx_daily_proj_aug.png

 

6_2_17_spx_weekly.png

 

 

 

Again, I caution investor/traders that the opinions here are just that: opinions.  There are times when the forecast becomes clear and amazingly accurate. However, there are other times when the waters become murky, making it harder to see. Each day brings new information to analyze, which allows one to trade the markets more effectively.

 

 


Blessings,

 

blu

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#2 SemiBizz

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Posted 03 June 2017 - 02:53 PM

 

 

Well, I reckon the rest of the World will find out what is ailing these banks, early next week...


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#3 q4wer

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Posted 03 June 2017 - 03:03 PM

Let me quote some words from Raymond Merriman:

 

It  is  going  to  be  one  hot  summer  with  the  Sun/Mars  conjunction  in  Leo  on July  26, and  the  solar  eclipse  conjunct  Mars on  August  21!

For  this  week,  we  are  right  in  the  middle  of two important Jupiter transits: Sun trine Jupiter (June 2) and Jupiter endings it retrograde motion
and  turning  direct  (June  9).  In  typical  Jupiterian  fashion,  the  stock  markets  of  the  world  are experiencing an excess of euphoria and confidence.

 

It seems that Raymond says that next week is very very bullish.  Can you explain what Jupiterian fashion means in his conclusion?



#4 SemiBizz

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Posted 03 June 2017 - 03:06 PM

Jupiter is LARGE... largest orb in the system except the Sun.

 

Associated with Expansion.

 

7/26 should be very interesting...


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Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

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#5 q4wer

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Posted 03 June 2017 - 03:14 PM

All Turn Bradley Dates for 2017

    January 18 (50/100 Long Terms Power)
    January 30 (55/100 Middle Terms Power)
    March 20 (100/100 Long Terms Power)
    April 3 (31/100 Declinations Power)
    April 17 (19/100 Bradley Siderograph Power)
    April 19 (59/100 Middle Terms Power)
    April 29 (19/100 Bradley Siderograph Power
    May 5 (30/100 Declinations Power)
    June 9 (61/100 Long Terms Power)
    June 21 (100/100 Bradley Siderograph Power)
    June 30 (100/100 Declinations Power)
    July 4 (100/100 Middle Terms Power)

    August 19 (17/100 Bradley Siderograph Power)
    September 5 (17/100 Declinations Power)
    September 7 (29/100 Bradley Siderograph Power)
    October 7 (48/100 Middle Terms Power)
    December 3 (23/100 Bradley Siderograph Power)
    December 6 (100/100 Long Terms Power)



#6 q4wer

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Posted 03 June 2017 - 03:26 PM

Thanks Semi and Blustar,

 

Friday I saw more than 900 contracts of OEX 1070 put,  traded on same day expiration.  Mark usually treats OEX option traders as smart money. Now they lose

June 9 OEX Call options show a lot of contracts around 1070, 1065,   indicating that next week is going to be bullish


Edited by q4wer, 03 June 2017 - 03:26 PM.


#7 cycletimer

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Posted 03 June 2017 - 10:59 PM

From Marcus Rose of Rosecast, June 2! 9:44 AM cat:
<<<I am writing this short message to let you know that the period of rising equity markets without meaningful swings to the downside is ending today. Since November 4 - or for the last seven months -, 2016 S&P 500 has virtually known only one direction - and that was up.
Now, I clearly see that a correction will start next week. However, it will not be a strong correction or lasting correction, Instead, for the next three months I predict a period of swings that can be used to make good profits using both long and short strategies. At the same time, I want to warn you that I do not see a bear-market starting now. It takes a long time for a top to form and multiple bullish planetary aspects are due in September. Hence, I advise against buying long-term put options for S&P 500 at this time, it is too early for that and you would lose money by losing time premium. Indices will probably be at similar levels (plus/minus 50 points) three months from now, but there will be swings larger than 100 S&P 500 points this summer.
As I write this, the Sun will cast a 120-degrees "Trine Aspect" to Jupiter on Saturday. Venus will complete a Conjunction to Uranus on Friday Night. We never look at one aspect only, we always combine several aspects for our predictions. Hourly predictions are even more complex as they involve more advanced planetary mathematics. But the fact is that markets are changing trends - from one day to the next day- , because of several planetary aspect becoming exact on a particular day. This day will then record the highest or lowest closes for the following days.>>>

Edited by cycletimer, 03 June 2017 - 11:00 PM.


#8 blustar

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Posted 05 June 2017 - 01:14 PM

Let me quote some words from Raymond Merriman:

 

It  is  going  to  be  one  hot  summer  with  the  Sun/Mars  conjunction  in  Leo  on July  26, and  the  solar  eclipse  conjunct  Mars on  August  21!

For  this  week,  we  are  right  in  the  middle  of two important Jupiter transits: Sun trine Jupiter (June 2) and Jupiter endings it retrograde motion
and  turning  direct  (June  9).  In  typical  Jupiterian  fashion,  the  stock  markets  of  the  world  are experiencing an excess of euphoria and confidence.

 

It seems that Raymond says that next week is very very bullish.  Can you explain what Jupiterian fashion means in his conclusion?

Jupiter trines are topping formations and we had the last one on June 3

 

I also have alternate down side objectives for June 9 of 2328 and 2338.  See my blog at wwwblustarmarkettimer.com for more information


Blessings,

 

blu

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#9 alexnewbee

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Posted 05 June 2017 - 01:36 PM

Let me quote some words from Raymond Merriman:
 
It  is  going  to  be  one  hot  summer  with  the  Sun/Mars  conjunction  in  Leo  on July  26, and  the  solar  eclipse  conjunct  Mars on  August  21!
For  this  week,  we  are  right  in  the  middle  of two important Jupiter transits: Sun trine Jupiter (June 2) and Jupiter endings it retrograde motion
and  turning  direct  (June  9).  In  typical  Jupiterian  fashion,  the  stock  markets  of  the  world  are experiencing an excess of euphoria and confidence.
 
It seems that Raymond says that next week is very very bullish.  Can you explain what Jupiterian fashion means in his conclusion?

Jupiter trines are topping formations and we had the last one on June 3
 
I also have alternate down side objectives for June 9 of 2328 and 2338.  See my blog at wwwblustarmarkettimer.com for more information

Doubt it can be possible.. What a crash :)
"we do G.d's work" Lloyd Blankfein

#10 blustar

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Posted 06 June 2017 - 11:59 AM

It's looking more like a Wed low (2404-15) this week and another one next Wed (2391) with an intervening high on the 12th (2446-48). We'll see.


Blessings,

 

blu

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