Monday, July 31, 2017

July 31 AM Update

SPX futures +4 this morning. The cycles lately have been confusing. That we are about to begin a waterfall decline is not in dispute in my mind.  The cycles we have this week are the 5 week (due Thursday this week) and the 16 TD (due yesterday +/- 4 TD's).

The moon is in full Sagittarius Thursday, which often times marks a low.  Counting the 8 TD cycles we have a 3rd one due Thursday this week from the June 29 low.  As far as the QQQ is concerned we have a possible low due as late as Thursday.
My initiation signal on Thursday got me all beared up for a 5% decline. It would be natural e-wave to take out a "c" wave by a larger degree B wave and that would be down to around 2352.

Watch for Uranus turning Rx on Aug 2.

10:47 AM EDT:

After a brief pull back today (in the next few hours) the pattern suggests new highs by late Tuesday to as high as 2487/88 SPX.  This looks extremely similar to the BREXIT top.  We have a Bradley helio turn due July 31/Aug 1 and AUGUST 1 is the first TD of the month (money inflows).
We have extreme irregular topping action here. I repeat: extreme irregular topping action
August 2 sees Uranus turn Rx.  The Uranus is the planet of the unexpected.

12;32 PM EDT:

Downside target for SPX is 2388/89 based on 50% retracement of Wave A June 19 and declining bottoms line of psuedo Wave X.  We are in a highly irregular topping pattern.  New highs are possible in the next day or two.  Dow Indu has made new highs and in highly irregular topping pattern.

Cycles are stretching to extremes.  The 5 week low from the 10 week low on June 29 is due early Friday because of the July 3 Holiday 3 hour take away.  The next 5 week low is due in early September (around September 8), which would complete a 20 week low and the larger 40/80 week low where I expect the 2262/63 area to be tested.

The next Important Bradley turns are due August 19 (top) and September 7 (bottom).
Wave B's are known as channel breakers, so a move below the low 2400's SPX makes sense.
The low could happen anywhere between late Thursday or early Friday morning this week (my new chart suggests early Friday). I have a Saturn turn date due on Aug 11 (5 TD's straight up) and a 24 CD day turn due around August 17 (from my read it should be Aug 16 for the low or Aug 18 for the high), so this makes sense to me now. A top (Wave C of Y) around August 18 (OPEX) is due and new highs above 2500, perhaps as high as the 2520/30 zone.--