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Stock Market Bull Trap?

Stock-Markets / Stock Markets 2018 Feb 26, 2018 - 03:51 PM GMT

By: Brad_Gudgeon

Stock-Markets The rally into early Monday, February 26, 2018 is no surprise to me.  The charts below were written over the weekend suggesting follow through buying into early Monday at or above SPX 2754 and then a sudden fast reversal down below the 2532 area.

I’ve seen this e-wave pattern before following a wxy W Wave where Wave X sees an irregular topping pattern (coming out of a bull flag formation) catching the bulls by surprise and leading to huge down move.


Astro-wise we have a Bradley Geo turn due February 25 along with Mars conjunct Vesta.  According to Bill Meridian, the stock market can be timed using the Mars/Vesta cycle. Over at http://trading-daze.blogspot.com, there is a chart that shows the high correlation between the Mars/Vesta conjunction and sell-offs that follow.  Also mentioned, is the 24 calendar day turn due on Feb 24. Turns on weekend ends tend to fulfill the following trading day and that is today.

The point is, the astro projections fit my E-wave and Gann projections.  The next Hurst/Gann cycle low is due ideally on March 5/6. March 1 is an 8 TD top plus it is a 34 calendar day Fibonnacci turn.  Astro-wise we have a Venus/Jupiter trine due on the first of March along with Mercury/Venus trine on the second of March a “B” Wave bounce. Trines suggest topping action around those dates.

The next helio Bradley turn is due on February 28, suggesting an A Wave possible low.  Seasonally, late February is notorious for weakness and the first of the month notorious for buying. The actual 20 week low following the 18 month low last August occurred on December 29th, suggesting a low due in May. The 10 week component is due between TD (trading day) 43 and TD 57.  March 5 is TD 43.

The money flow chart shows decreasing volume on rallies and increasing volume on sell-offs since the February 9 low.  This is sign that we have more of a short covering rally right here than true long buying. The house is being built on cards.  Momentum will not justify a new high above SPX 2754. What may be the cause, I do not know, but I surmise it may be related primarily to interest rate worries.

The mining shares are being taken down with the stock market while gold is hanging in there strongly as a hedge against adversity.  I suspect this relationship will continue.

My subscription website is http://blustarmarkettimer.info

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 2018, 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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