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Sucker's Rally, B Wave

SPX

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#1 blustar

blustar

    blustar

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Posted 27 March 2018 - 08:12 AM

There are problems with this rally. My indicators like SOS, internals, volume are telling me that this is more of a short covering rally than buy long signal.  Astro wise we have more more work to do due to the Sun/Saturn cycle with the Sun sq. Mars on the 24th and sq. Saturn on the 30th.  There is a Bradley turn due today and it is the 4 TD since last Wednesday, where before they went 3-3 now 4.  Weekly PMO and MACD are all lower.  My best guess is we see a move to around 2679/80 today followed by lower prices into Mar 29 or Apr 2 (likely Mar 29) then down below the last low of 2532 to around the 2500 level.

 

This looks like an X Wave with W the last top.  It counts abc x abc or 3-3-5-3-5-3-5 in Psuedo waves.  Wave A may have finished on Friday with C coming. The next Gann 16 TD top is due near Feb 5/6 and so is the f55 CD turn from the Feb 9 lows. Venus sq. Pluto and conj. Uranus the 23rd through the 28/29th is also a concern. April looks generally bullish but May has more issues, me thinks.



#2 blustar

blustar

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Posted 27 March 2018 - 10:06 AM

Also, the recent Hi/Lo differential is a major problem.  A move down to at least test 2532 SPX is in the cards If not slightly lower, IMO.







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