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Nadeem Walayat Financial Markets Analysiis and Trend Forecasts

Stock Market: Likely Pullback into Friday

Stock-Markets / Stock Markets 2016 Aug 11, 2016 - 03:15 PM GMT

By: Brad_Gudgeon

Stock-Markets

I tracked the 4/8 TD lows and they point to 3:45 PM EDT Friday for the expected low.  Friday is the 32 TD low +1.  It is also close enough to the 35 TD low due Tuesday next week (35-2).  This would then thrust the market up for 4 to 5 TD's based on the minimum normal out of a16/32 TD low and that is an August 18th or 19th top (August 18 is the full moon/lunar eclipse and Bradley turn/August 19th is OPEX). August 19th is 8 TD's from the August 9 top. August 18th is the exact 66-week top from the May 20/21, 2015 top. IF all goes according to my perceptions, we should see THE top for the year in the stock market next week.


Ideal down side is 2120/21 SPX for Friday and upside SPX 2217/18 for Thursday/Friday next week.  This would call for a SEPT 8/9 low in the low 1930's or TD 51/52 from June 27 or TD 50+1 or 2 of the ideal 10/30 week low based on the next moon in Sagittarius lows.
The moon does not leave Sagittarius until after Friday setting up buying pressure into the following week as the moon enters Capricorn.  The moon conjuncts both Saturn Retrograde (Rx) over the next two days in Sagittarius plus it squares Venus, Neptune and Mercury as well as the position of the coming solar eclipse on September 1.

We also have negative astros over the weekend that could affect Friday's action and that is Venus (rules money) square Saturn (contraction) on the 13th (while Saturn turns Stationary/Direct), and Venus (money) opposite Neptune (oil) on the 14th. Mars leaves the Rx zone on August 22.
It is interesting that we have a 45 calendar day turn due on August 13th (last time seen on June 28th). The last Saturn square Neptune pass is due on September 10th . 

We have Venus trine Pluto tonight, which could also mean exhaustion of upside pressure on the open Thursday.
GDX looks like it could fall below $30 by Friday (Monday latest), creating a bull flag and higher prices at least into the $32’s. Good news for gold bugs (at least for now).

Playing the market is a lot like playing chess, you have to figure out what the possible moves are and position yourself accordingly.

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

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


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