Last time I wrote, I thought a major stock market top was at hand. As it turned out I was early in my prediction. It looks as though Feb 5/6 is the long awaited B wave top. The chart below predicts SPX 2719 early Monday, followed by 2668 Tuesday and the 2510’s by Feb 19.

Overall, I expect a repeat of Oct 1/3-Dec 24 from Feb 6- April 26 down into the SPX 2100’s. Late April into early June should see Wave A, Wave B into late August and then a final C Wave top in early October. It would not surprise me to see 3100 by early October 2019. The drop that follows into 2020 should be larger than the current one.

GDX hit a 45 TD low around Jan 22/23 as expected and rallied strongly. A 3- month low is expected between Feb 13-20, so we may see just a consolidation before heading higher into late February/early March.

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 2019, 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.

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