A move up into the low to middle 4400's SPX expected by October 24.
See my BLOG
Today is a 10 TD low plus the Sun conj Mercury, usually a low. More at the blog
Massive Rally Expected into October 24!
Started by
blustar
, Oct 20 2023 08:59 AM
SPX Astro E Wave Cycles
4 replies to this topic
#1
blustar
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blustar
#2
pdx5
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I want return OF my money more than return ON my money
Posted 20 October 2023 - 08:43 PM
The week ahead will be busy for markets, with earnings due from Microsoft (NASDAQ:MSFT), Alphabet (NASDAQ:GOOGL), Amazon (NASDAQ:AMZN) and Meta Platforms (NASDAQ:META) - four of the seven U.S. megacap stocks whose gains have powered the S&P 500 higher this year while the rest of the index has lagged.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
#3
K Wave
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Member
Posted 21 October 2023 - 10:26 AM
The week ahead will be busy for markets, with earnings due from Microsoft (NASDAQ:MSFT), Alphabet (NASDAQ:GOOGL), Amazon (NASDAQ:AMZN) and Meta Platforms (NASDAQ:META) - four of the seven U.S. megacap stocks whose gains have powered the S&P 500 higher this year while the rest of the index has lagged.
All it takes now is for one or more of those to bomb like Tesla and GAME OVER.
If I had to guess, Apple and AMZN most likely culprits for big disappointments.
As with Tesla, Apple revenues have completely stalled out, and sooner or later, folks gonna realize this no longer anything close to a growth company...and will reprice it accordingly
Amazon just due to rapidly slowing consumer demand and the pretty ominous looking massive Island in the Sky at the daily 900 area.
If they all bomb, then it is truly Armageddon.
Cuz once the MEGA Caps do falter, what they do to the indexes will not be pretty.
If they all instead manage to liftoff, regardless of what they report, then perhaps bulls live to fight another day, and Tesla fails in its usual leadership role. Not sure that is the way to bet though.....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#4
blustar
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blustar
Posted 22 October 2023 - 08:07 PM
The SPX hit its 'c' of "z" of B wave low (4234) about an hour into the session Friday. After that it went 'w', 'x' (irr. low)and now comes 'y'. Now we have yet another irregular low! The market must go up (target ~ 4412) so it can go down into October 31: SPX 4107/49 zone expected. About a 4.5% rally expected into Tuesday!
Saturday the Sun in Libra squared Pluto in Capricorn (dark and sinister), but Venus trines Jupiter Rx in Taurus today and that is very positive, the negative comes Tuesday on the Sun in Scorpio trine to Saturn Rx in Pisces. Oct 28 sees Mars in Scorpio square Jupiter Rx in the money sign of Taurus. The FED is featured in this drama on the Nov 1. We may see a surprise lowering of rates early on Monday the 27th of Nov.
The theme is Sun/Mars conjunct (Nov 18) from early October through early January. Big up and down moves can be expected. We complete wave [w] of B on the 24th with [x] on the 31st. [y] of B is due (redacted) XXXXX, then we start the crash in earnest in 2 phases, XXXXX then XXXXXXX. Bah humbug!
The Sun and Mars in Scorpio is warlike, seeks revenge.
Edited by blustar, 22 October 2023 - 08:08 PM.
#5
blustar
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blustar
Posted 23 October 2023 - 02:20 PM
Today saw an irregular low (didn't see that one coming) ortho low was 4234 early Friday. The top will be the 25th and the next low Nov 1. Looking for 4447 SPX by Wednesday, maybe the 4130's by Nov 1
