Are the US Indices on a Parabolic Journey

Update on the DJIA, SPX, COMPX, and NDX - June 2nd, 2023.

Introduction

In my previous analysis, I delved into the intriguing world of financial astrology, focusing on a fascinating pattern where Jupiter aligns with the North Node. Interestingly, the only time Jupiter and the North Node were in Taurus was in 1929, just before the infamous market crash. While the correlation isn't strong, this pattern offers an interesting perspective that could illuminate future market trends. I also explored the Mars-Uranus cycle and its potential impact on market trends. I closely examined the DJIA, SPX, and Nasdaq Composite, discussing potential trends and turning points based on the Gann Master Cycles.

Last week, US Indices moved based on good news around the labor market. This was just after the conjunction of Jupiter and North Node in Taurus. In the DJIA, it turned out to be an expected move based on the 60-year cycle, as you can see in the chart below.

This 60-year cycle has little strength in June, but other cycles at work may drive the US Indices to higher altitudes. Recently, I've observed increasing evidence suggesting that the current market trend might be experiencing a parabolic move.¹ If this continues, this is usually a sign the markets are at the end of a large cycle. After such a parabolic move, “ gravity “ usually pulls a stock/index down.

In this week's update, I will go deeper into the current parabolic move that is unfolding and explore where the US Indices are heading in price and time. As always, the weekly charts on the DJIA, SPX, and COMPX will show what the Gann Master cycles tell us for the weeks ahead. I have also added the NDX (Nasdaq 100) chart as a reference.

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.