A Contested Election Since we’re up against the November 3rd US election with a fifth and final wave up to go, it’s impossible to know when our top will materialize. I expect it’s before year end, but may depend on the announcement of the winner. Getting there may be a very rocky ride. Every index… Read more
Market Forecast Overview
History Repeating Corruption and Censorship are always prevalent at warm/dry climate highs like we have right now. We’re on the cusp of a turn down into colder weather. In fact, astrophysicists are expecting another mini ice age, like the Maunder minimum. Of course, I am, too. I’ve been predicting it for the past ten years… Read more
Corrective Surprises The takeaway from this past couple of weeks is that fact that the fifth wave up didn’t have a valid second wave in the usual, expected location. You can see this in the chart of IWM (the Russell 2000) that I’ve posted below. It was the same in the SP500 and in futures… Read more
Lots of Unexpected Volatility The past week was a brutal week in futures, with lots of reactions to news. On Thursday night an ending diagonal broke and gave us a wave down that we were expecting after a new high — a nasty surprise. This was the start of a bearish B wave. Friday was… Read more
Or a Double Bottom Ahead? My take at the moment, is that we’re only going to get a single bottom, and we that we haven’t seen the end of this fourth wave down yet. Relatively speaking, based upon the corrective wave structure up from March, this has been a notably long (in terms of time)… Read more
Looking for an Interim Low We’re sitting this weekend near the bottom of a large fourth wave with one more final high waiting in the wings before the expected large drop into the 2100 area in SPX. Mid-week, when I expect a low, will have been 14/15 days down from the top. That leaves us… Read more
Looking for an Interim Low We’re sitting this weekend near the bottom of a large fourth wave with one more final high waiting in the wings before the expected large drop into the 2100 area in SPX. This is an expected, high probability 300 point rally in SPX and represents a really good bullish opportunity… Read more
Down into October? Timing of the coming drop in the stock market across the world in certainly interesting. It could not come at a worse time for the current US administration. Late in the week, we saw a dramatic downturn in a fourth wave, which confirmed my count, and gives us a very clear path… Read more
The Fed is Delusional This week at Jackson Hole, Jerome Powell attempted to justify his continuing pipe dream of a 2% inflation rate. He also tried to paint this scenario as a “good thing.” It would be a good thing for central bankers (!), as it allows them to keep stealing our money. However, it’s… Read more
