12 replies to this topic

[blustar]

No way we see that now. New target on gap down Tuesday  ~5100. The final low may not come until the 15th

[blustar]

This low is due toward day's end based on the 3 TD cycle (top and low). I fully expect the SPX 5104/05 area to be tagged later today. The generals are again leading the charge, but the DJI and Transports aren't buying into this!

 

This should be a set up to rally into Thursday with the CPI and PPI all on the table. The sign of the Wounded Healer occurred yesterday and we are one day past the new moon, usually a reversal sign. Mercury Rx conjoins Chiron (the Wounded Healer on Monday next week, the expected grand daddy low at 4946/47 SPX).

 

Momentum did not confirm this recent irregular top and neither did the old guard. Today is a combo 16/48 TD low. Next week puts it at a +4 TD extension, about 114/115 TD's for the 20 week low (which is about maximum).

 

Angst should set in like it did on Thursday of last week. Yesterday's aggressive eclipse with Chiron could suggest some pain is coming mid session, perhaps due to the wars in the Middle East. We'll see.

Edited by blustar, 09 April 2024 - 09:30 AM.

[blustar]

If it gaps up (SPX 5214), then we go down tomorrow on the 17 TD low (17/15/17) = 49 TD's to. That would put the next low on Monday at day's end 4946.