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Stock Market Drop Likely Monday, Gold Price Topping?

Stock-Markets / Stock Markets 2016 Feb 21, 2016 - 05:11 AM GMT

By: Brad_Gudgeon

Stock-Markets

The technicals, cycles and astro-read suggest a high probability of a severe drop in the stock market Monday to as low as the low/mid SPX 1840’s. The SPX likely completed the 100 TD low 16 TD’s on February 11.  The SPY grid lines below shows lines of support and resistance. 


We may be repeating September 2015 here into March 18. The next important reversal zone besides the full moon being in Virgo on February 22nd, is the Sun/Neptune-Saturn-Jupiter translation from February 29 to March 8. March 8th would mirror Sept 17, 2015 if all works the same with a drop to retest the SPX 1814 area on March OPEX.

Below is a daily look at GDX with Andrew’s Pitchfork.  It looks like we are process of forming a Head and Shoulders Pattern Top. There is a TLC low due March 3.  GDX looks to get hit hard like the SPX on Monday. Gold may have made its high for this move and GDX is playing catch-up.

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 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

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