Our astro/cycle wave analysis suggests that a 10-15% intermediate term correction is dead ahead (I was originally looking for 26-27%, but but believe I was wrong). The powerful ABC rally from the March 4th low has traced out a further X-Y and now comes the Z Wave to the downside! We are in the area of the 16/32 Monthly Cycle top.
The Sun/Neptune of 6/13 square and the 2nd Saturn/Uranus square of 6/14 are pointing to the recent Sun/Jupiter trine on 6/23 and the full moon/Bradley of 6/24, suggesting a final top of the recent Y Wave (watch the Mars sextile Rahu Monday for the kick off to the downside).
We are looking for a possible 3-4% pull back into the end of the quarter, followed by a counter trend rally into July 6th, where we have the middle point of the Mars/Venus T to the Saturn/Uranus square and a very powerful Bradley turn.
Not only is this astro combo combustive (warlike, explosive, heat waves, sudden storms), the E-Wave analysis and the cycle we are in suggest an intermediate correction for the month of July.
Furthermore, P/C ratios are at pressing lows (.40), suggesting too much call buying, and the recent skew index is also warning us of a sudden downdraft.
We don't see anything more than your garden variety intermediate term 10-19% correct ahead (more like 10-15%). The psychology of the market right now is not yet to the point of extreme danger like we saw in late 2019 before the COVID bear hit, but it should show itself in some explosive moments ahead and danger for some individuals. Be careful out there, especially just after the 4th of July!
For chart see: https://blustarmarkettimer.com
