24 replies to this topic

[blustar]

Target of 4514/15 Hit! So far SPX 4511 has been tagged. The QQQ's have yet to their target of 372.72. We are toying around the daily mid band at 4517/18... blu

[cycletimer]

Unless this was a “one hit wonder” trading day, next downside target is 4492, followed by 4462-4464. I remain short via $SDS & $HDGE. I exited $SQQQ late this afternoon. I’m still eyeing mid-August as the LOW, based on cycles.

[blustar]

Unless this was a “one hit wonder” trading day, next downside target is 4492, followed by 4462-4464. I remain short via $SDS & $HDGE. I exited $SQQQ late this afternoon. I’m still eyeing mid-August as the LOW, based on cycles.

I think the market surprises to the upside based on my work

[blustar]

On Course For a Move into the SPX 4626/37 Zone by August 9/10. GDX/NUGT Look Good Here as Well as Gold/Silver.

 

[A] Wave Low Expected by August 18/21 (3809 SPX) and final low [C] Sept 5/6. [B] expected August 23/24. Retest low expected ~October 11. SPX 3000 expected to be tested.

 

 

Brad Gudgeon

Editor

BluStar Market Insights

[blustar]

The E-Wave structure of the SPX was [y] = (w-x-y) and [x] was (x-y-z). The NDX did not make a lower irregular low. "x" of [y] also made an irregular x-y-z bull flag pattern. 

 

Bottom line: 4626 is expected by Wednesday straight up. The Dow 30 should make a lower low early Monday and then straight up into Wednesday.

 

The unknown factor is will Friday next week make an irregular Aug 11 top wave "y" of [a] (due August 15) (of [A]) or not...??? Looks like it now.

 

The pullback created a huge POS D on the VST indicators, so here comes "y" of [y] the third of a third type sharp & fast wave up. This would make a double irregular low this week which will be extremely bearish after the rally next week

 

The current focus is for a Wave [A] low on August 21, [B] August 24. [C] Sept 6, the Sun conj. Mercury in Virgo just after Venus Sta/Dir and Jupiter Sta/Rx Sept 3/4. Uranus turns Sta/Rx late on the 28th suggesting reversal action on the 29th [a]of [C], then [b] of C on the full moon the next day. Mercury turns Sta/Rx on the 23rd near the B Wave and the next day Mars trines. Pluto turns Sta/Dir in Capricorn late on the 10th of Oct, pointing to the 5 week retest on the 11th.

 

4 planets changing direction in a short time and the expected 5 week retest based on Venus RX in Leo, which was last seen in August 2015!

 

New SPX targets: ~3912 August 21 and ~3120 Sept 6. The retest could take out the Sept 6 in some indexes.
 

 

 

Brad Gudgeon

Editor,

BluStar Market Insights