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Monday, March 25, 2024

Prepare for April S&P Correction Now │ Allen Reminick

Short term, the S&P market is topping in the next two weeks.


We've been discussing the 18 year cycle and the 12 year cycle and the 24 year cycle, all having agreement since March 12th, where they all implied that the market would rally until Monday, March 25th or longer. There is a very good chance that is the beginning of a sideways phase that could last until as late as April 10th. We're not expecting a dramatic continuation on the upside. Potentially the market goes slightly higher between now and April 10th, but it's a topping phase. 
 

It's a down, up, down, up, down, up kind of pattern. And finally, in the later part of April, it should make a low. Between April 16th and the 24th of April. But it may gyrate and just do nothing much until it's ready to fall between April 10th and April 24th.

 
After that, of course, we're expecting to see further, higher prices until May 23rd , between 5,400 and 5,600. This could be completing the move that started October 27th of 2023.