The SPX experienced a Sun trine Pluto Rx phenomenon early yesterday reacting to the FED speak. The FED is in charge and today at 8:50 EDT FOMC member Cook speaks, then at 9:45 the Flash PMI of both manufacturing and services comes out. Later today at 1:00 EDT FOMC member Kashari speaks.
Yesterday made in an irregular X Wave low upon an irregular low to take out the August 18 low on the SPX. August 30th was ortho wave W. Y should conclude on Oct 2, completing a huge WXY inverted bearish flat in the Y Wave. Wave Z is due Oct 26th with a tag irregular low on Nov 2.
Lows lately have been happening on Thursdays or Fridays. When the low occurs on Thursdays you get a huge gap up on Friday. I expect the SPX to test the up trend line near 4434 SPX today and possibly going to 4437 before pulling back. This wave will go through the uptrend line broken and complete wave [a] on Tuesday near or around 4541/42. [b] is due on Thursday the 28th next week then [c] into Oct 2nd. Irregular tops are due on Oct 3 in some indexes, passing the full moon/Venus sq. Uranus Rx transit on the 29th by up to 2 TD's just like it did on August 30th when Uranus went Rx.
My final target should be around 4637/38 in early October. This sets up Mars in Libra opposing Rahu in warlike Aries when the FEDs plan to test the Emergency Broadcast system. The next day, Oct 5th should be a huge down day as we get closer to Mars sq. Pluto Rx on the 8th (Sunday). On the 12th, Mars moves out of the Judicial sign of Libra into the investigative sign of Scorpio.
Edited by blustar, 22 September 2023 - 07:51 AM.