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The S&P Bubble Is About To Burst
Chaos Clinic for 10/25/2019
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In the last two weeks, the S&P has made at least 5 "drives to a top."
It is clearly struggling to go higher. Intraday on Tuesday I saw a rounding top
pattern that warned of the sharp late drop. Hotline subscribers were shown
a "fish" pattern, which turned out to be, as one client put it, a "whopper."
I pointed out that rounded edges in market patterns come from Uranus, because
it's axis lies in the ecliptic plane rather than perpendicular. That applies the
rotating magnetic component of its electromagnetic field to prices. The result
is visible arcs in price patterns. Two of these arcs can form a "fish."
These two charts show how the S&P is struggling to go higher.
The first chart shows SPY over the past 9 months. Until the end of July, it was moving
up smoothly. But it was forming a clear Rising Wedge, which broke down sharply.
Since then SPY has gyrated wildly. It managed to rally to a marginal new all time
high in September. From there it dropped for two weeks, and has now rallied to
a slightly lower high, where is is again struggling to go higher. Interestingly,
it it has again formed a rising wedge. The top looks to arcing over, and adding an eye
shows a possible Larson Fish.
The second chart shows a longer term daily chart of the S&P covering 16 months starting
last December. It clearly shows the arc along the top of prices. Another same size arc
connecting the recent bottoms shows another possible Larson Fish. The red lines shows a
fisherman's line. Fish patterns often break along such lines. Given the current climate
with Brexit, impeachment, and earnings concerns, such a break is certainly possible.
A break will be confirmed by the rainbow of EXMAs turning down.
Since arcs have something to do with Uranus, I can't help but note two things. First,
according to astrologers, Uranus is the ruler of electricity. That this is in the public mind
is evidenced by the presence of an unlikely movie, "The Current War." It is about the battle
between Edison and Westinghouse aided by Tesla over using direct current or alternating
current to power America. Strange topic for a movie. Electricity? It is being released today.
Second. On Monday, Earth conjoins Uranus heliocentrically. The S&P price is currently just over 90 degrees
from the price set by this conjunction. Uranus is the planet of big changes. One may be very close.
Longer term patterns like this are best traded with Exchange Traded Funds. For the S&P
I use SH for short trades and SPY for long trades.
For more on my work, see Moneytide.com
10/25/2019 2:04:24 PM MT Al****:: I'm going to skip that jvj :)
10/25/2019 1:46:53 PM MT jvj****:: Thanks Al, time to prepare for next snowfall?
10/25/2019 1:44:28 PM MT Al****:: I'm done. Thanks for coming. Have a good weekend.
10/25/2019 1:07:09 PM MT Al****:: stop to break even
10/25/2019 12:53:28 PM MT Al****:: stop to 3024.75-risk 1 point
10/25/2019 12:35:49 PM MT Al****:: Thanks, but I don't take those pot shots personally. I flew 426 combat missions where they shot at me with real bullets :)
10/25/2019 12:29:56 PM MT srt:: Thanks a lot Al as always for chaos clinic on fridays and your trading guidance one should be thankful for what you do rather then make disrespectful comments on your work.
10/25/2019 12:24:35 PM MT Al****:: I'll hold it if I can do so with a break even stop
10/25/2019 12:20:25 PM MT srt:: Hi Al your short at 3023 is short term hold or for today only?
10/25/2019 12:06:13 PM MT Al****:: I did sell 3023.75 based on 3025 number
and knowing the energy peaked on esnat72 timeline
10/25/2019 11:41:08 AM MT Al****:: "MJ:: Uranus+90 price 3004.5 Al you should be ashamed this is such a guess, there is no reason for it. "
this is not a guess, it is a calculation of where the electric field flux line for helio Uranus is at.
just like the geo flux lines on the SPSunMoon chart.
And "MJ:: 3039.70 is my estimation for the top."
did not show the top, like the Mercury flux line did
10/25/2019 11:34:04 AM MT Al****:: 3025 looking like it could be real; the energy peak was brought to us by Neptune, the planet of illusion
10/25/2019 11:05:48 AM MT Al****:: that chart shows that Mercury set the high
10/25/2019 10:58:21 AM MT Al****:: yep; often one and done works on Fridays
First trade good for 9 to 15 points
SPSunMoon chart shows it nicely
10/25/2019 10:44:10 AM MT ska:: It was a good idea to sit back .No need to be greedy
10/25/2019 10:35:14 AM MT ska:: After such a long upside I am sitting and watching now
10/25/2019 10:32:51 AM MT ska:: AL`s day trade is long again
10/25/2019 10:03:12 AM MT bbb****:: Oh what do you know, 3035 squares out with today, October 25. 9 points off, close enough for government work.
10/25/2019 10:00:13 AM MT bbb****:: And I’m fairly sure I can draw lines and those lines show the rising wedge is still in play. If you wanted to change your attitude and contribute with some reasoning from gann then by all means let it Rip. But don’t tear into one of the nicest guys I know in this game and think it’s all ok when he does this to help people for FREE every Friday. By all means enlighten us to the 32nd Jewel and let’s see where the conversation goes, otherwise shut it down.
10/25/2019 9:59:38 AM MT Al****:: 3025= 55x55 ; has been an important top several times this year
10/25/2019 9:59:04 AM MT ska:: I bailed pout my long
10/25/2019 9:54:16 AM MT bbb****:: MJ. Wow. Did someone get up on the wrong side of the bed? Pal Almhas an edge and that’s all that matters. If you’re only here in Friday and if you haven’t taken any courses then keep your pissed off comments to yourself. And as for a top call, of you notice, the website is called “DAYTRADINGforecasts.com”
I study Gann and I deal with pro people traders on the street in a daily basis. When I show them the tide times it takes about a day for them to lose their minds on how this guy with this website comes up with it.
This room is and has always been a helpful place. Take your negativity elsewhere it brings down the energy.
10/25/2019 9:46:06 AM MT BOG****:: @Ska, you might be interested with www.chartsedge.com, he charges $10/month for SPX, chart, and $20/month for SPX, NDX. He send the charts via email on sunday, but on that Sunday email is also a link to get 2Day intraday changes. I use it with Dr. AL charts. Today, Dr. AL chart Xtide2Plus(first one) had litte downside and shows more upside on Monday so I went long. Hope this help.
10/25/2019 9:43:28 AM MT Al****:: MJ, I appreciate your comments, but you only show up on free days. I did not say in the Chaos Clinic write up that the top was in. I simply pointe out a pattern I saw. As far as my astro model, you cannot know what it is because I do not reveal it. But if you look at the Secret->esNat72 chart, you will see the vertical line marking the high so far; and the move went up as per the green +Tide
10/25/2019 9:42:28 AM MT MJ:: I am happy that you are doing well. Al needs to up his game though, just calling a Uranus +90 for a top is just lax, Gann had 5 reasons to call a top. Unless people challenge others there can be no evolving.
10/25/2019 9:32:18 AM MT ska:: MJ I am a retired physician in this room for three months With AL`s hotline I am able to earn almost ten % return on my equity every week only on day trades Yes I am a very hard working individual
10/25/2019 9:31:10 AM MT MJ:: 3039.70 is my estimation for the top.
10/25/2019 9:23:32 AM MT MJ:: If he is charging for it, he has to do a better job. One thing I do say is that he was the first person to mention the 7 wave pattern however, you also get 9 and 11. I want Al to do better, thats why I tell him Ganns law of vibration is really, he needs to use it. Some of his projections are very good, but he can do better.
10/25/2019 9:16:38 AM MT qq:: MJ: I wouldn't be here as paying customer if I didn't see Al making some worthwhile projections. None of us are perfect.
10/25/2019 9:12:21 AM MT MJ:: Your astro model is incorrect as it does not include Ganns law of vibration. That's why your turns fail or invert. Although Ganns Law of vibration does have invertions they are rare.
10/25/2019 9:10:51 AM MT qq:: SPY all time high and SPX 10 pts shy of. "To the moon Alice, to the moon."
10/25/2019 8:55:56 AM MT MJ:: Uranus+90 price 3004.5
Al you should be ashamed this is such a guess, there is no reason for it. Gann did not just pick planets at random and add degrees to them, there has to be a reason. You constantly call tops, almost all of them are wrong. Your model is wrong. Look at the market storming up. We have to make a new top before the fall, not a lower high.
10/25/2019 7:59:39 AM MT gon:: Hi Al, very interesting article, thanks a lot. Published as always: https://www.fxstreet.com/analysis/the-sp-bubble-is-about-to-burst-201910251358
10/25/2019 7:00:31 AM MT Al****:: tell that to Larry
Fingernail Moons are not yet a New Moon; they are a waning crescent; if the moon is conjoining Venus it forms a Fertile Crescent, as on several Mid Eastern flags
10/25/2019 6:56:09 AM MT bew:: Al, You should get back on Larry Pesavento's show at least once a month to spread your knowledge and what you see in the market action
10/25/2019 6:52:42 AM MT Al****:: BEW: not always-other cycles have to be fitting in
10/25/2019 6:52:04 AM MT Al****:: Uranus+90 price 3004.5
10/25/2019 6:50:59 AM MT bew:: New moons are market tops?
10/25/2019 6:41:54 AM MT Al****:: Just finished morning walk with my dog. "Fingernail Moon , market top"
10/25/2019 6:08:28 AM MT Al****:: but I am an early riser
10/25/2019 6:06:47 AM MT Al****:: no, did it yesterday afternoon-I don't do all nighters anymore
10/25/2019 6:03:00 AM MT jvj****:: Good Morning Al, you must have been up all night working on that chart!
10/25/2019 5:05:01 AM MT Al****:: GM all-good luck today. The Chaos Clinic is posted on the AUX page
9:00 Eastern-System: No comments