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Sudden Drop Expected into Early Next Week

SPX GDX

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#1 blustar

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Posted 05 September 2019 - 08:26 AM

SPX up as expected, just stronger than expected though.  This does not change the structure in any way as it is not impulsive but rather a-b-c (a) (B) © on the daily bars, which points to a wave Y top today (16 TD top). 

 
The recent 4 TD lows have been running 4-1 or little skippers as I call them.  This is about to change to as much as 4+1 which if truly perfect would put next week's low as late as early Tuesday on a gap down into the Aquarian Moon. Monday/Tuesday implies a 5 week low from Aug 5 10/30 week low
 
Much negative astro coming especially Sunday/Monday and it points to something warlike with Mars aspected with Saturn and Pluto in a topping trine or exhaustion trine and it points to the Straight of Hormuz or Pakistan area (but could be anywhere in the world, in joint warlike posture).
 
The recent structure into the low on Aug 23 (and the futures) suggest something powerful to the down side from today's top to as much as 193 points down top to bottom.  This is not a given but should be maximum downside.
 
Today could go as high as 2971, so max downside I would think would be 2778 whether cash or futures.  Minimum suggests around 2853, which would be highly irregular but possible.
 
GDX and the gold complex is pulling back into a 4 TD low today, which points higher into early next week (Sept 10, 8 TD top), likely to new recovery highs.


#2 alexnewbee

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Posted 05 September 2019 - 12:18 PM


 
Today could go as high as 2971, so max downside I would think would be 2778 whether cash or futures. 

 

2985 was it. But pretty close. Probably tomorrow after NFP could be good short. IMHO, and I am often wrong.


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#3 blustar

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Posted 05 September 2019 - 04:44 PM

Minimum downside now near 2867/68. If that holds Monday then I see a double top by Sep 28 near 3027 then down to near 2675 by October 18. Friday could hit into the 2880s

#4 blustar

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Posted 06 September 2019 - 10:59 AM

Now looking for a low on Sept 11 near 2848.  IF that occurs then another choppy rally into Oct 11 to just above 3000 should occur.  That would put the 5/10 month ringing cycle low (20/40 week) out to Nov 1 and to near 2550.

 

Graph on my blog.



#5 12SPX

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Posted 06 September 2019 - 12:33 PM

 

Minimum downside now near 2867/68. If that holds Monday then I see a double top by Sep 28 near 3027 then down to near 2675 by October 18. Friday could hit into the 2880s

wrong

 

Thank you for your in-depth analysis, I'm for sure going to follow your advice!!!swoon.gif



#6 bigtrader

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Posted 06 September 2019 - 12:39 PM

ROFL  how true


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#7 da_cheif

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Posted 06 September 2019 - 12:44 PM

 

 

Minimum downside now near 2867/68. If that holds Monday then I see a double top by Sep 28 near 3027 then down to near 2675 by October 18. Friday could hit into the 2880s

wrong

 

Thank you for your in-depth analysis, I'm for sure going to follow your advice!!!swoon.gif

 

u get what u pay for.....



#8 blustar

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Posted 06 September 2019 - 04:03 PM

Im not posting here any more.

#9 bigtrader

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Posted 06 September 2019 - 05:24 PM

Dont blame you.


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#10 SteveB

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Posted 06 September 2019 - 06:54 PM

I don't blame him either. Not many "Fearless Forecasters" here now and if you contribute you often just get insulted. I appreciate those who still post their projections, charts and analyses. I have learned from charts generously posted by others here and I have even adopted some of their chart settings into my own charts. Sometimes you get more than what you pay for....







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