The SPX is due to go down into Wednesday. I believe the 2144/45 area beckons. The June 27 low was exactly 110 TD's from the Jan 19 low. Adding 110 TD's to June 27th gives us Nov 30, the 5 month low. This should have been the low for November. The cycles are either off or we have a huge down week ahead of us. Normally, off a wedge, the first support is the 1991 area. We never got that low.

The recent high is not confirmed by OBV (on-balance volume), neither is the running A/D line. It looks like a 64 TD top (+2) right here and perhaps the beginning of something bigger.

I had 2213 SPX marked as the expected top for around the 16 TD top due mid month and we hit that at the end of the day Friday. It has built a nasty wedge on the hourly chart.

Venus sq. Uranus is telling us to look for a nasty surprise on Tuesday regarding a monetary issue. The Sun, Moon and Saturn are in Sagittarius early next week and the Sun sq. Neptune on Wednesday (look for the OPEC meeting on Wednesday as a possible catalyst too). On Tuesday, Saturn is 17.4 degrees in Sagittarius, the same as it was during the crash of '87 Oct 19th (and for the first time since). I can't imagine a crash off a top this quickly, but it certainly fits the normal cycles and a possible Wave Z. If it does crash, downside targets are 1991 and then 1950 SPX.

If GDX falls on Monday, it would be a sign to exit all longs as there is a Sun sq. Neptune Direct turn due Wednesday. If we rally, look for higher prices into Wednesday.

The big play this week will likely be the stock market.

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.

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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.

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