The rally into early Monday, February 26, 2018 is no surprise to me. The charts below were written over the weekend suggesting follow through buying into early Monday at or above SPX 2754 and then a sudden fast reversal down below the 2532 area.

I’ve seen this e-wave pattern before following a wxy W Wave where Wave X sees an irregular topping pattern (coming out of a bull flag formation) catching the bulls by surprise and leading to huge down move.

Astro-wise we have a Bradley Geo turn due February 25 along with Mars conjunct Vesta. According to Bill Meridian, the stock market can be timed using the Mars/Vesta cycle. Over at http://trading-daze.blogspot.com, there is a chart that shows the high correlation between the Mars/Vesta conjunction and sell-offs that follow. Also mentioned, is the 24 calendar day turn due on Feb 24. Turns on weekend ends tend to fulfill the following trading day and that is today.

The point is, the astro projections fit my E-wave and Gann projections. The next Hurst/Gann cycle low is due ideally on March 5/6. March 1 is an 8 TD top plus it is a 34 calendar day Fibonnacci turn. Astro-wise we have a Venus/Jupiter trine due on the first of March along with Mercury/Venus trine on the second of March a “B” Wave bounce. Trines suggest topping action around those dates.

The next helio Bradley turn is due on February 28, suggesting an A Wave possible low. Seasonally, late February is notorious for weakness and the first of the month notorious for buying. The actual 20 week low following the 18 month low last August occurred on December 29th, suggesting a low due in May. The 10 week component is due between TD (trading day) 43 and TD 57. March 5 is TD 43.

The money flow chart shows decreasing volume on rallies and increasing volume on sell-offs since the February 9 low. This is sign that we have more of a short covering rally right here than true long buying. The house is being built on cards. Momentum will not justify a new high above SPX 2754. What may be the cause, I do not know, but I surmise it may be related primarily to interest rate worries.

The mining shares are being taken down with the stock market while gold is hanging in there strongly as a hedge against adversity. I suspect this relationship will continue.

My subscription website is http://blustarmarkettimer.info

Brad Gudgeon

Editor of The BluStar Market Timer

www.blustarmarkettimer.info

The BluStar Market Timer was rated #1 in the world by Timer Trac in 2014, competing with over 1600 market timers. This occurred despite what the author considered a very difficult year for him. Brad Gudgeon, editor and author of the BluStar Market Timer, is a market veteran of over 30 years. The website is www.blustarmarkettimer.info To view the details more clearly, you may visit our free chart look atwww.blustarmarkettimer.com

Copyright 2018, BluStar Market Timer. All rights reserved.
Disclaimer: The above information is not intended as investment advice. Market timers can and do make mistakes. The above analysis is believed to be reliable, but we cannot be responsible for losses should they occur as a result of using this information. This article is intended for educational purposes only. Past performance is never a guarantee of future performance.

Brad Gudgeon Archive

Only logged in users are allowed to post comments. Register/ Log in

The Market Oracle is a FREE Financial Markets Forecasting & Analysis web-site.
(c) 2005-2024 MarketOracle.co.uk (Market Oracle Ltd) - Market Oracle Ltd asserts copyright on all articles authored by our editorial team and all comments posted. Any and all information provided within the web-site, is for general information purposes only and Market Oracle Ltd do not warrant the accuracy, timeliness or suitability of any information provided on this site. nor is or shall be deemed to constitute, financial or any other advice or recommendation by us. and are also not meant to be investment advice or solicitation or recommendation to establish market positions. We do not give investment advice and our comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to enter into a market position either stock, option, futures contract, bonds, commodity or any other financial instrument at any time. We recommend that independent professional advice is obtained before you make any investment or trading decisions. By using this site you agree to this sites Terms of Use. From time to time we promote or endorse certain products / services that we believe are worthy of your time and attention. In return for that endorsement and only in the cases where you purchase directly though us may we be compensated by the producers of those products.