SPY-SPX - Getting close to a top! "Tin Foil Hat" begins 1/10
We've been looking for the elusive top since this recent bull run up began Oct 3 2019.
Our Last post was Merry Christmas! with some positive bullish astronomical alignments.
They've worked out nicely.
Now, This post begins to see some very uncomfortable timing events coming soon.
We call these "Tin Foil Hat" observations. We use an astronomical program, and then we try to line up with other
market indicators and Elliott wave counts to find major market turns.
Many traders poo poo astronomical observations as voo-doo trading.
However, we used to think the same thing, until we really began to explore and work with these ideas.
Famous traders like W.D.Gann, J.P. Morgan, in history used these ideas.
We are not experts, but are curious and willing to explore these potential ideas.
Most traders are familiar with lunar events and see a correlation to the market prices.
We notice that on 1/10 at 12:07 EST (thinking New York) the lunar eclipse begins.
What we find interesting is that on the same day the Sun and Mercury conjoin. These also semi Square Mars... this could be a market high.
1/12-13 We see a huge release of energy with the Sun-Mercury-Saturn-Pluto in a QUADRUPLE conjunction... markets should drop.
1/14-15 Mars now joins the fight with Saturn-Pluto conjunction... this could get violent ... bearish
1/17 Before the market starts to open the Moon fights the above listed planets and sun. This is very violent! Distress!
1/18 Mercury squares Uranus and should cause problems with travel,communication and computers for a few days...
could we see travel restrictions, cell phone or internet disruptions? Who knows?
The next week from Lunar eclipse and on looks pretty grim for the markets.
We are not trying to be a prophets here but simply observe the similar astronomic line ups in the past.
They had serious and dangerous outcomes for the news!
Think 9/11 or the Japan Tsunami. Greater than normal earthquakes and volcanoes.
Also the death of well known (around the world) important people. Think like JFK, MLK, Princess Diana.
Revolutionary violence like Tiananmen Square in China. Fall of National governments like what happened in Russia 1917, China 1949, South Vietnam 1975
We are not saying all this is gonna happen, but the timing is there as a strong possibility. (Of course none of this could happen)
Let's see what happens!
We are long for just a bit more. We want to finish up the Elliott wave counts as shown with a SPY target around 327.80. (SPX around 3288)
Then short the market before the Lunar eclipse begins or if sell target is reached, whichever happens first.
If you are interested in joining our free chat room, just send a personal message to budchevy and ask to join. He is the gatekeeper
Our Last post was Merry Christmas! with some positive bullish astronomical alignments.
They've worked out nicely.
Now, This post begins to see some very uncomfortable timing events coming soon.
We call these "Tin Foil Hat" observations. We use an astronomical program, and then we try to line up with other
market indicators and Elliott wave counts to find major market turns.
Many traders poo poo astronomical observations as voo-doo trading.
However, we used to think the same thing, until we really began to explore and work with these ideas.
Famous traders like W.D.Gann, J.P. Morgan, in history used these ideas.
We are not experts, but are curious and willing to explore these potential ideas.
Most traders are familiar with lunar events and see a correlation to the market prices.
We notice that on 1/10 at 12:07 EST (thinking New York) the lunar eclipse begins.
What we find interesting is that on the same day the Sun and Mercury conjoin. These also semi Square Mars... this could be a market high.
1/12-13 We see a huge release of energy with the Sun-Mercury-Saturn-Pluto in a QUADRUPLE conjunction... markets should drop.
1/14-15 Mars now joins the fight with Saturn-Pluto conjunction... this could get violent ... bearish
1/17 Before the market starts to open the Moon fights the above listed planets and sun. This is very violent! Distress!
1/18 Mercury squares Uranus and should cause problems with travel,communication and computers for a few days...
could we see travel restrictions, cell phone or internet disruptions? Who knows?
The next week from Lunar eclipse and on looks pretty grim for the markets.
We are not trying to be a prophets here but simply observe the similar astronomic line ups in the past.
They had serious and dangerous outcomes for the news!
Think 9/11 or the Japan Tsunami. Greater than normal earthquakes and volcanoes.
Also the death of well known (around the world) important people. Think like JFK, MLK, Princess Diana.
Revolutionary violence like Tiananmen Square in China. Fall of National governments like what happened in Russia 1917, China 1949, South Vietnam 1975
We are not saying all this is gonna happen, but the timing is there as a strong possibility. (Of course none of this could happen)
Let's see what happens!
We are long for just a bit more. We want to finish up the Elliott wave counts as shown with a SPY target around 327.80. (SPX around 3288)
Then short the market before the Lunar eclipse begins or if sell target is reached, whichever happens first.
If you are interested in joining our free chat room, just send a personal message to budchevy and ask to join. He is the gatekeeper
Comment:
As mentioned above about serious and dangerous news regarding people dying, Tsunami, earthquakes and volcanoes, We're now keeping an eye on the Taal volcano in the Philippines. This looks like an eruption is about to happen soon. The planetary alignments are coming into play.
Numerous earthquakes have just been reported as the Taal volcano looks pretty serious!
Numerous earthquakes have just been reported as the Taal volcano looks pretty serious!
Comment:
Price Target raised to the 331.5-332.43 zone... probably end of week. Things setting up for a turning point
Comment:
update we now have travel restrictions, coronavirus, and the Iranian General has been killed. China has "quarantined " millions of people. Market higher than chart shows but astronomical alignments putting downward pressure on the rally up since Oct 2019 lows. we're looking for another turn around the 3414 area near the end of Feb 2020
Back on Jan 8th we forecast a rally towards the 327.80 target zone.
We just missed the high target at 327.80 zone.
At this point (Jan 12) it Looks like the wave 3 (black) extended near the high at 327.46, just before the eclipse started.
If the Elliott count is correct, then the black wave 4 probably bottomed at the Jan 10 last candle low... we may see the wave 5 (black) go on up higher into the target area. This would complete the target and the wave counts.
Then as the other astro timing events come into play in the coming week, the whole market should cascade down to the blue wave 4 below as a lot of 5th waves of smaller degree would be completed.
If the market continues strongly downward from tonight's update (Jan 12th) then the target was missed by .34 cents and the bigger blue wave 4 down is already in motion and will continue lower.
The 324.83 dashed line is critical to which wave count is correct.
Remember a lot of bad "Ju-Ju" is forecast for the next 2 weeks.