Bouncing Off Long-Term Resistance
#234 An update on the US Indices: Nasdaq, S&P500 and DJIA.
In this week’s post, I am looking back on longer-term cycles as the SPX is squaring out on a 1x2 Gann Fan or Gann Timing line originating from the March 2000 top and the May 19, 2008 crest (from zero point) on a 1x1 line. Moreover, I will look into the 60-year cycle or, better, the three-times Jupiter-Saturn Gann Master Cycle as we are approaching a possible crest in this cycle, which the latter is much earlier than following a 60-year nominal calendar day cycle.
In addition to the square out from the 2000 and 2008 highs, the SPX also squared out in price and time on the low of January 13th, 2025 (from zero point). This has given support, and although we might have squared out on the 1x2 timing line from the March 2000 high, it may still be possible we will see an even higher high, probably squaring out from the October 10th, 2007 high (zero point) in the near future.
Of course, this resistance level can be broken from below to above, but the confluence of the cycles from 2007-2009 and the 2000 high may be resistant for some time. Other longer—and shorter-term cycles, like the 60-year, 20-year, and 10-year cycles, may be important to review as they are 1/3 and 1/6 harmonics of the 60-year Gann Master Cycle.
I love to follow the 60-year cycle analog to find the next probable high. This can be done by following the 60-year Mass Pressure Index (Calendar days) or the Jupiter-Saturn cycle, which is a bit shorter than the 60-year cycle. Every 60 years, this cycle is positioned in the same part of the zodiac, which may explain why a 60-year calendar analog sometimes seems to invert.
So, let’s review the differences between the 60-year calendar day cycle analog and 3x Jupiter-Saturn Cycle Analog and where we are on the 20- and 10-year cycle harmonics for the US Indices.