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Nadeem Walayat Financial Markets Analysiis and Trend Forecasts

E-Wave Says BIG Down in Stock Market June 24th

Stock-Markets / Stock Markets 2016 Jun 23, 2016 - 05:46 PM GMT

By: Brad_Gudgeon

Stock-Markets

The chart below of the S&P 500 suggests a move down to around 2041/42 early Friday, June 24 or about 3% down from today’s high near 2107. The e-wave astro/cycle pattern also suggests a strong move back up into Tuesday, June 28 to perhaps as high as 2121/22.  By July 5th, a move into the low 1900’s is possible.

Everybody is focusing on the BREXIT, so the outcome, whatever it will be, will likely be the blame for the coming volatility. We shall soon find out. It is 12:30 CDT as I write this. I still see new highs by October 3rd.


GDX is also following the shortened 4 and 8 TD cycles (4-1 and 8-2).  It would not surprise me to see GDX gap up Friday into the 26.20’s followed by a drop to 24.62/63.  Next week should see GDX back above 27, IF I’m reading the waves correctly.

The masses of Irregular Tops (IT) and Bottoms (IB) since the April top should not have surprised me, as they seem to be ongoing.  Today’s IT is one example and it is one step higher degree in amplitude than the last mid 8 TD cycle top (TD 5) last Wednesday, suggesting a higher amplitude degree of moves going forward.  Now we seem to be running 3 and 6 TD cycles instead of the usual 4 and 8 TD cycles.
Jupiter trines Pluto June 26, suggesting a top 2 TD’s later, following the recent conversion to the 3/6 TD cycle from the 4/8.  Looks like some crazy days ahead!

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 at www.blustarcharts.weebly.com.

Copyright 2016, 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

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