Three weeks ago I warned my subscribers that a Mars aspect on November 12th (Mars conjunct Venus in Libra) was indicating an explosive situation ahead, including possible terrorist activity. That very same week on November 13th, the Paris attacks occurred. We have an even more explosive Mars situation beginning on December 6th (Mars square Pluto/Neptune) and again on December 10th (Mars opposite Neptune). Mars entered Libra on November 12th and doesn't leave that sign until early January. Mars is ruled by Aries, which is opposite the peace loving sign of Libra. Mars is conjunct Venus until Dec 4th. Venus is ruled by Libra, so the conflict continues.

This weekend on the 29th, we have the Sun translating Saturn square Neptune (11/26). The pattern and cycles (Gann 8 TD low) suggest a probable move down to 2067/68 SPX by day's end Monday. The seasonal/cycle pattern then suggests a rally into December 4th. We could possibly see a move up as high as 2023/24. Whatever the price, 12/4 (or nearby) should be a top. With the Sun squaring Jupiter on December 14th, we should see a bottom near that date right (Dec 15?) before the FED announcement. The last two years, a strong 8 trading Christmas rally ensued on or right before the December FED announcement. The set up is the same this year.

Gold got hit hard (to new bear market lows) on November 27th in what is "normally" a thinly traded session (bear raid?). The funny thing is, the miners (GDX) did not make a new bear market low, creating a case of inter-market bullish divergence (at least for the short term). Gold also made a bullish inverse white hammer on the futures. GDX has a 7 trading low due at the end of the day Monday and December 1 "seasonally" is usually a strong up day. This fits the cycle/wave patterns I'm seeing. Downside for GDX should support in the $13.10/.14 range and upside should run toward $14.24/.28.

We are entering week 19 of the 18-22 week low window. My original thinking last week was that gold would likely break $1000 an ounce this week. This does not seem likely from what I'm now seeing (although it may be possible by mid December).

Below are charts of the SPX, GDX and UVXY (a leveraged volatility ETF):

S&P500 Daily Chart

GDX 2-Hour Chart

UVXY Hourly Chart

The price projections are based on past market behavior observance, but not to be taken as trading advice or set in stone (I reserve the right to change my mind as markets fluctuate/I trade the market not the forecast). Seasonal cycles are easier to interpret (within nesting windows) than e-wave amplitudes (price forecasts). Market forecasting is difficult and is done as a general guideline, but subject to change as market forces change. Please keep this in mind.

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 2015. All Rights Reserved

Copyright 2015, 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

Only logged in users are allowed to post comments. Register/ Log in

The Market Oracle is a FREE Financial Markets Forecasting & Analysis web-site.
(c) 2005-2024 MarketOracle.co.uk (Market Oracle Ltd) - Market Oracle Ltd asserts copyright on all articles authored by our editorial team and all comments posted. Any and all information provided within the web-site, is for general information purposes only and Market Oracle Ltd do not warrant the accuracy, timeliness or suitability of any information provided on this site. nor is or shall be deemed to constitute, financial or any other advice or recommendation by us. and are also not meant to be investment advice or solicitation or recommendation to establish market positions. We do not give investment advice and our comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to enter into a market position either stock, option, futures contract, bonds, commodity or any other financial instrument at any time. We recommend that independent professional advice is obtained before you make any investment or trading decisions. By using this site you agree to this sites Terms of Use. From time to time we promote or endorse certain products / services that we believe are worthy of your time and attention. In return for that endorsement and only in the cases where you purchase directly though us may we be compensated by the producers of those products.