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Nadeem Walayat Financial Markets Analysiis and Trend Forecasts

Stock Market Air Pocket Due

Stock-Markets / Stock Markets 2016 Nov 18, 2016 - 04:00 AM GMT

By: Brad_Gudgeon

Stock-Markets

The stock market is in a position where it should see a 2-3% air pocket Friday November 18th and possibly early into early Monday the 21st. The SPX has a downside target of 2120's to the 2140's. Monday is the ten week low from Sept 12.

The pattern is bullish after the sell-off with another higher high due late next week. The Jupiter aspects are strongly bullish into about the Thanksgiving Holiday.


The overall Wave 4 (since late 2014) of 5 (since 2009) of V (since 1942) of [V] (since about 1776) current viewpoint is still intact. Wave 2's and 4's can have all kinds of nuances in the internal wave counts. R.N. Elliott, himself, said he preferred to stay out of trading during these times.

As far as the current, very short term outlook is concerned, there are some troublesome developments, but the outcome looks bullish once complete.

Current astro is topping, bearish:

Nov 17, 2016 5:10 PM Neptune 9 Pisces 15 opposition True Node 9 Virgo 15
Nov 18, 2016 9:58 AM Mercury 9 Sagittarius square True Node 9 Virgo 11
Nov 18, 2016 11:04 AM Mercury 9 Sagittarius 12 square Neptune 9 Pisces 15

The 8 TD low 10 TD's plus the 5 week low is due in this time frame.

We have an irregular top on top of another irregular top on the SPX with negative money flow and momentum divergences, along with inter market bearish divergences. On Saturday we have Neptune turning stationary direct, which is a reversal signature.

Bottom line is I expect Friday to be down hard into the 2120's/40's SPX, but then I turn bullish Monday.

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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