I'm seeing the perfect storm happening on Monday: one of those rare days when you get a 7-8% mini panic on the SPX. I'm looking at the WTI oil market and its telling me we could see $145 a barrel very soon!
Whenever I have seen this kind of irregular wave set-up along with a big stretch/right hand translation in the cycles, the set up for a mini one day panic is close like a Monday May 11 mini panic.
It's telling me we need to break this rising wedge and test SPX 6790 quite possibly Monday!
I don't see much of a bounce into Wednesday and down to lower lows on Friday, maybe 6732 SPX (the last time I saw anything close like this was late Jan 2020 during the week of the FED meeting).
We also had Pluto move into Retrograde Wednesday, too, often seen near important lows.
The astros are very warlike here too with the Mars sq. to Jupiter Monday night and the Sun sextile to Jupiter tonight. Thursday next week see the Sun/Mercury conj., which normally sees a major low within' 1-2 Trading day. The Future Forecasters group of remote viewers see a major attack on one of our aircraft carriers this May and Monday fits the bill for a panic so fill your tanks up with gas. I bought Monday way out of the money SPY puts 708.0 puts for $.07 on Friday.
I see the the stock market having trouble moving higher until the first 3 trading day of June which I believe catapults us to all time new highs by June 3
More pain is due for the first half of June (12th?) then higher into around the July 4 Holiday to more new highs!
Bottom line: I see a COVID like 40+% crash from July 30-31 into Sept 1, down from 7700+ to around 4338. I can't even fathom how high WTI crude will be this summer, $500/600?
Trade safe. Some real $h_t coming me thinks...
