Stock Market: Likely Pullback Into Friday

I tracked the 4/8 TD lows and they point to 3:45 PM EDT Friday for the expected low+/-.Friday is the 32 TD low +1.It is also close enough to the 35 TD low due Tuesday next week (35-2).This would then thrust the market up for 4 to 5 TD's based on the minimum normal out of a16/32 TD low and that is an August 18th or 19th top. August 19th is 8 TD's from the August 9 top. August 18th is the exact 66-week top from the May 20/21, 2015 top. IF all goes according to my perceptions, we should see THE top for the year in the stock market next week.

Ideal down side is 2120/21 +/- SPX for Friday and upside SPX 2217/18 +/- for Thursday/Friday next week.This would call for a SEPT 8/9 low in the low 1930's or TD 51/52 from June 27 or TD 50+1 or 2 of the ideal 10/30 week low based on the next moon in Sagittarius lows.

GDX looks like it could fall below $30 by Friday (Monday latest), creating a bull flag and higher prices at least into the $32’s. Good news for gold bugs (at least for now).

Playing the market is a lot like playing chess, you have to figure out what the possible moves are and position yourself accordingly.

Disclaimer: The information provided by the BluStar Market Timer is to be used for educational purposes only. We do not recommend the buying or selling of any securities, are not registered ...

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Louis Jackson 8 years ago Member's comment

Looks like a melt up to me. I wouldn't be surprised to see 2196-2200 before there is any significant pullback. Market seems to want to go higher right now.