US Indices in counter trend

Gann Master Cycle update for $DJIA and $S&P 500

Introduction

As I mentioned in the last few forecasts which is based on the Gann Master Cycle, I expected a more sideway movement into the third week of March but it was quite a countertrend and we may still may not have seen the end of this correction yet before a probable downtrend continues.

You can clearly see in below chart that the $S&P500 is still in a countertrend. An Elliott Wave 4 of some degree may not have finalised yet.

As the quarterly expiration is not over yet and geometry suggests that the $S&P500 could well trend into the crest of early February 2022 around April 5th 2022. This is just 90 days from all time high January 4th 2022 and a possible moment for a change in trend to occur.

A close of some days above 4630 may invalidate this scenario.

If the Russia Ukraine conflict escalates further this may give a total different outlook.

We will have to watch the chart in front of us. Anomalies can happen and if there is a cease fire in the coming weeks this may look favourable for many of the stock indices in the world.

Do not try to catch a falling knife, or step into the market to quickly without any confirmation a change in trend has occurred. So, be careful out there. No advice.

Our paid subscribers here on Substack can continue reading below weekly update on the Gann Master Cycle following the S&P500 and the $DJIA. I have added a longer term analysis on the $S&P500 for our subscribers as well.

P.S.: On all of our communications, posts and analysis our Terms of Use and Disclaimer apply. Hypothetical or simulated performance based on past cycles have many limitations. Hence, past performance is no guarantee for the future. Anomalies can occur and cycles can contract, extend or invert. So, be careful and always watch the charts in front of you.