17 replies to this topic

[hhh]

The tech stocks don't have lead, but they have led.

[blustar]

Gaps down that come off these types of tops usually attempt to fill the gap in a failing wave then turn down hard. There should be a minor "a" wave low early tomorrow and then a "b" wave bounce. "c" of [a] should arrive on the Sun/Saturn Sextile early Tuesday next week (Gann 16-2) with an a-b-c wave [b] looking to arrive on the Venus/Mars trine May 22. Wave [c] of (A?) should arrive on the 28th of May on a Gann 16+3 TD/ 7 Week Low.

 

The Sun conj. Mercury in Gemini low arrives early on the 30th, usually +/- 2 TD's. The 30th could easily be an [a] of B Wave top with a [c] wave top due on or around the Venus sq. to Pluto Rx June 9. C on the downside could easily arrive on the Sun/Jupiter conjunction in Cancer one day before the new moon or directly on the new moon.

 

After Venus sq. Saturn on the 6/9 we have the third and completed Jupiter/ Saturn sq. in Cancer and Aries along with the Mars/Uranus sq. in Leo and Taurus over the 15th and 14th respectively. This is also heavily affected in Trump's natal chart as it will be this weekend, too, only more so. 

 

The Jupiter/Neptune sq. in Cancer and Aries hit right on the FED announcement day 6/18 and then the Sun /Saturn sq. in Cancer and Aries on the 22nd along with the Mars in Virgo sextile to Jupiter in Cancer. This tells me a "b" wave top should form ~ 6/18-20 near OPEX and the final "c"  of C low ~ 6/24-25.

 

blu

[blustar]

The tech stocks have lead this charge up. Today, not even the SOX participated! 

 

The DJI, DJT, NYSE, SOX, Russell 2000: all of these have failed (failing 'b' waves) to make a new recovery high today. 

 

The SPX and NDX have made an x-y type of top on highly divergent momentum indicators. Next comes the extended z wave likely into Tuesday (below 5500?)!

 

Tomorrow likely sees a move into the middle/upper 5700's.

 

A move to around 5894 today could cause a day end failing rally to near 5910 SPX.

 

Tomorrow the moon transits the sobering sign of Capricorn.

[12SPX]

Hmmmmmm, about the only reason I'm thinking we could see the fall your talking about is that tomorrow is expiration and were above cycle numbers for the upside so could see a bit of a pullback we'll see......

[risktaker]

Hmmmmmm, about the only reason I'm thinking we could see the fall your talking about is that tomorrow is expiration and were above cycle numbers for the upside so could see a bit of a pullback we'll see......

What are cycle numbers and how are they calculated? Could you name some examples please? Thanks a lot!

[12SPX]

My cycle numbers are a calculation I created decades ago about the original 3rd Friday of every month expiration.  When option trading started those were the only options available to trade, that's how far back I go.  It takes into account time distance and volatility to tell me where the S&P500 won't be into the next 3rd friday expiration.  This is the May cycle expiring today that started on 4/21.  Funny thing was you were able to sell 4800 puts back then for a whopping $44, 4500 $20 as everyone was so bearish.  Of course because we closed way down there were way better odds this would be an up cycle possibly strong so there was no reason to sell the upside until much later!! 

[risktaker]

Way cool! Thanks for the info!

[blustar]

According to the VIX, today is much like Mar 25 in time for the SPX. The A Wave should make a low on the 22nd and a B Wave high on the 27th. This places C on the Sun/Mercury conj May 30.

 

Only the NYSE and SPX are making new highs today.