Approaching seasonal date - Nov 18, 2023
#157 - A Gann Master Cycle forecast following the DJIA, SPX, Nasdaq Composite & update on BTCUSD
Introduction
Yesterday, I posted on X/Twitter a seasonal quote from W.D. Gann regarding Nov 22nd: “Stocks make important changes in trend every 30, 60, 120, 150, 210, 240, 300, 330 and 360 days or degrees from any important top or bottom, ... and November 22nd is 330° from December 22nd.”
For the premium subscribers, I have been publishing a foldback scenario for some time that could potentially indicate the direction of the major US Indices in the upcoming month. Financial market cycles tend to repeat themselves and sometimes in a mirrored fashion.
As W.D. Gann mentioned in his Stock Market Course, "The future is just a repetition of the past. The same formation at tops or bottoms or intermediate points at different times indicates the trend of the market."
Statistically significant planetary aspects plotted as a Mass Pressure Index on the SPX simulated this quite well in the past year, as you can see in the below chart.
The S&P 500 Index follows the annual cycle quite accurately. Time is more important than price. The turning points around Saturn/Pluto going Direct were noticeable as well. The annual cycle indicates the end-year rally may continue with a few dips along the way.
Get ready for Fiorente2 Stock Market Outlook 2024, a digital publication that provides a comprehensive analysis of World Indices, Commodities, Gold, Silver, Oil, Wheat, Treasury Notes, and Crypto Currencies. The publication will feature Mass Pressure Index charts for each equity for the full year ahead. Stay tuned for more announcements next week! Last year’s owner and current subscribers on Substack will be sent a discount code, as always.
In this week's edition of the Fiorente2’s Newsletter, I have updated the Gann Master Cycle charts for the US Indices, and I will briefly discuss an update on BTCUSD, with an additional Mass Pressure Index chart for the remainder of the year.
This analysis is intended for general informational & educational purposes only. Hypothetical or simulated performance based on past cycles has many limitations. Cycles can contract, extend, and invert. Anomalies can occur. Hence, past performance is no guarantee for the future. No advice. Please take a look at our full disclaimer.