US Indices in counter trend - part 2
Gann Master Cycle update for $DJIA and $S&P 500
Introduction
As mentioned last week you can clearly see in below chart that the $S&P500 is still in a counter trend. A close of some days above 4630 may be rather bullish, and the S&P500 did touch the 4630 target mentioned in last week’s update.
From the lows of January 2022 the S&P500 bounced of the 45 degree dotted line on March 29th 2022 and squared out in price and time, just around the square of nine cycle measured in time from crest 2022.
The stochastic is in an overbought zone and the next cycle on the square of nine is around April 14th.
From the looks of it the S&P500 could probably turn lower into 4408. If it does this will be the next possible cycle turn as the index will be at a point where price and time have squared from the low February 24th 2022 in just 49 days, or 225 calendar days from September 2021 high.
On the square of nine 4423 is also on the 225 angle. Hence, a logical square out in price and time.
On April 12th 2022 Jupiter will conjunct Neptune. This is an important cycle as it is linked with the end of the Crimean war from 1853-1856, which ended in February 1856, just shy of Jupiter conjunct Neptune on March 16th 1856 and also in Pisces.
So, this planetary aspect might suggest Putin and Zelenskyy could make a deal around this date. Whether or not this is exactly around April 12th 2022 that remains to be seen. If there is a deal to be finalised this could certainly give the US Indices an extra boost into end of April - early May 2022 towards the crest of early 2022 .
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 similar chart as above on the $DJIA for our paid subscribers. The $DJIA chart however shows the struggle between the bull and bears at the moment.
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.