For several months stock market momentum indicators have become very bearish. The persistence of the rally have brought the recent SPX top into a seasonally bearish time zone from August to November.
Recently I've posted that conditions for a stock market mini crash are in place if the SPX breaks below the 200 day Simple Moving Average and significant support at SPX 2322.
I've made an amazing discovery that points to a specific date - 9/11/17 as a possible crash bottom date. This discovery is what I call "The 34 day mini crash phenomenon" I will have more details about this in a future post.
Another incredible discovery is that there are two major Fibonacci coordinates very close to prior SPX significant resistance at 2135. I will have more details about this in a future post.
Circle 9/11/17 on your calendar, this could be a very important date.
Thanks for your insightful post. I look forward to your "34-day mini crash phenomenon". I enjoy reading everything you post. On another note, just a friendly reminder, mark your calendars for September 20th @ 2pm. An FOMC meeting WITH economic projections will take place. Usually, I see moves of about 18 points (on average, just after 2pm) on the S&P500 index for this event. This is based on my past research, specifically for this type of event. This meeting is not like any other FOMC meetings because it involves economic projections and a conference. This event certainly cannot be ignored/disregarded. Moreover, mark your calendars for September 15th, Quadruple Witching Friday. Quadruple Witching days are typically large range days. These ideas are perfectly inline with yours, which could serve as catalysts to push the S&P500 index down at an accelerated rate. Cheers and looking forward to your posts.
Thanks for your insightful post. I look forward to your "34-day mini crash phenomenon". I enjoy reading everything you post. On another note, just a friendly reminder, mark your calendars for September 20th @ 2pm. An FOMC meeting WITH economic projections will take place. Usually, I see moves of about 18 points (on average, just after 2pm) on the S&P500 index for this event. This is based on my past research, specifically for this type of event. This meeting is not like any other FOMC meetings because it involves economic projections and a conference. This event certainly cannot be ignored/disregarded. Moreover, mark your calendars for September 15th, Quadruple Witching Friday. Quadruple Witching days are typically large range days. These ideas are perfectly inline with yours, which could serve as catalysts to push the S&P500 index down at an accelerated rate. Cheers and looking forward to your posts.
TheSwinger