Gann Master Cycle updates - April 28 2023
An update on the $DJIA, $SPX and $COMPX following Gann Master Cycles
Introduction
In yesterday’s post I discussed some Gann techniques to forecast future patterns using patterns (foldbacks), 1x1 or 1x2 angles or trendlines. In todays update on the US Indices - following the Gann Master Cycles - I will take this technique a step further.
W.D. Gann was a master mathematician, astrologer with a profound knowledge on ancient (biblical) cycles. The 1x1, and 1x2 angles/trendlines discussed yesterday was a simplification of 1x1 and 1x2 planetary angles he often used as you can see in the below chart.
One can draw angles/trendlines for any planet and one will often see that a stock, index or commodity trades along such a planetary trendline until it meets resistance and support. This is often when multiple planetary lines crosses each other in time, but not always in price.
One can easily do this for the very long-term, or the shorter term providing one uses an ephemeris with planetary data.
In below update I will illustrate using planetary lines how the US stock market is trading along these trendlines lines since the high of 2007. There is an interesting point in time in the coming month that caught my attention where often changes in trend have been seen in the past. I will show these planetary lines in more detail on the charts for the DJIA, SPX and COMPX that may hint at future dates for changes in trend. Further more, I have updated the dynamic forecasts on the DJIA and the SPX following the Gann Master Cycle.
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.