Market reversal in the works on Indexes
Updated
I've been here before playing the "pick a top" game without a lot of success in indexes. However, this time it's different! And, I'm sure I'm "due". ;)
Anyway, I looked at my SPX chart last night for the first time in a bit, and couldn't believe I had actually drawn a line with a price level at 4393 with the note: 18% from 3/4 low.
I haven't taken the time to find exactly what date I got this in my journal, but I am getting to trust the synchronicity. I'm sure I drew it within a couple weeks of the 3/4 low.
This market is way extended anyway. I have other guidance of a correction of some sort. I'll report back with a percentage target.
Last time I did this it was a 14% correction, but I need to review everything. It looks like SPY went UP about 4% from my last post looking for a high.
I'm a dowser and intuitive, btw. That's often how I get my information and it is far from perfect, but getting better.
Anyway, I looked at my SPX chart last night for the first time in a bit, and couldn't believe I had actually drawn a line with a price level at 4393 with the note: 18% from 3/4 low.
I haven't taken the time to find exactly what date I got this in my journal, but I am getting to trust the synchronicity. I'm sure I drew it within a couple weeks of the 3/4 low.
This market is way extended anyway. I have other guidance of a correction of some sort. I'll report back with a percentage target.
Last time I did this it was a 14% correction, but I need to review everything. It looks like SPY went UP about 4% from my last post looking for a high.
I'm a dowser and intuitive, btw. That's often how I get my information and it is far from perfect, but getting better.
Note
What seems to be happening is I'm being led more to dates. So, the date (or number that I'm thinking is a date) for a reversal back UP in the S&P is the 28th of this month.My last call on 6/4 suggested a 14% move down. However, when I review and count 14 DAYS, looky-loo, I find the actual LOW on 6/18!
This is happening quite a bit (in stocks), and unfortunately, I don't always have clarity on the way things shake out.
That said, I do find it an interesting coincidence that the SPX literally hit my number and is turning back at this time.
Therefore, I do believe the market will trend down into the end of the month. Yesterday I got around a 10% move down when I asked. I thought I would check again this morning and see if it was consistent, but I got 13. A few days ago I asked for number of days for a turn in the ES (assuming back up) and got the date of the 28th. Today is the 15th.... add 13 to that and you get 28! So that's 2 instances I'm given the 28th on the S&P. We'll have to see how this plays out, but I feel confident to the downside.
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