Spiral Calendar analysis, price analysis, Solunar & tidal analysis, are all combining for a clear, bearish forecast.
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Category: Tides
Five Bearish S&P Charts
Add up to a sell now.
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Unfolding perfectly here.
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The intraday 135-minute RTH eMini chart issued a net-line sell this morning. The target is now at 2085.
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If that 2085 target is reached in the next few days, it implies a likely trigger of the 2094 daily net-line. A confirmed sell on the daily will target 2020, or a 4% decline from current levels.
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The combined Solunar/Tidal is a few days away from a very negative, three-week period.
Potential
It's not a screaming setup, but there is potential for a top here.
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Three day new highs up into potential top territory.
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The timing argument for a top is inside for subscribers.
Weekly Update
The Money Pump is still printing.
click chart to enlarge The Money Printing Pump - not bearish. The bankers are getting less bang for their buck here though.
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click chart to enlarge Gold is cheaper AFTER it went up $30.
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Softening
Prices are softening. I'm expecting some weakness over the next few sessions.
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Cheap Buck
This week sees both Solunar and tidal forces pointing down together for stocks. Some weakness expected, charts are inside for subscribers.
click chart to enlarge The buck is cheap versus the yen on a relative money-printing basis.
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Either gold or the dollar is cheap here - pick one.
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It’s Still May
May is too early for bears, no matter what that Wall St. nursery rhyme says.
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Feigned Rally
The bulls may have the edge into month’s end.
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but eventually this triangle breaks lower.