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Stock Market and Gold Stocks Trend Forecast Update

Stock-Markets / Stock Market 2017 Jul 25, 2017 - 12:59 PM GMT

By: Brad_Gudgeon

Stock-Markets When I made the charts below over the weekend, I had thought I made a mistake regarding the final top in the SPX being 7/20 and changed it to 7/24 based on the astro/cycle reading.  As it turns out, it looks as though 7/20 was that top (irregular) and we are not making that rare double irregular top I used to see in the 1980’s.


The Dow Industrials are breaking down below the rising wedge and if it closes below (likely) we should begin to see waterfall action soon. The Industrials and Transports failed to make new highs with the SPX and NASDAQ this past week, setting up a bearish inter market divergence.

The downside looks like we may hit as low as SPX 2400/01 by Wednesday as there are many supporting factors to suggest such a move.  However, I’m also hedging myself with another target of 2412/13 and then even as high as 2424/25.

GDX looks like it is making a Head and Shoulders bottom with a target of the 24.25 area by August 11. Helio-centric Mercury moves into Sagittarius on July 26 into August 7 and this is normally a good time to be long the mining sector.



August 11 is close to when Mercury goes stationary/retrograde, usually a turning point in the precious metals complex. My guess is we see an important low between 7/26 and 7/28 in the gold complex. Bearish COT data supports an extremely bullish position on the pull back.

Astro-wise we have Mercury trine Uranus today (an exhausting top), Venus opposite Saturn (a reversal signature) along with the new moon in Leo (topping/reversing).  July 26 sees the Sun conjunct Mars, then August 7, the lunar eclipse on the full moon.  Those days should see the final C wave rally that should lift all boats.

Watch for the greed-o-meter to shift higher after the expected pull back this week. Hardly anybody is expecting a 9% decline in August, but that is exactly what I’m seeing.

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 2017, 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

© 2005-2017 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


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