Top Reasons to Exit S&P Short Positions Soon | Allen Reminick

The S&P market has been behaving as expected. It looks as if April 15 (Mon) or so could be a low followed by a bounce for a few days until April 18 (Thu) followed by another decline into the April 24 (Wed).

 

 Apr 15 (Mon) Major Low ?
Apr 18 (Thu) High
Apr 23-24 (Tue-Wed) Low

Bounce
May 9 (Thu) Major Low ?

May 24 (Fri) Major High
  Jul 24 (Wed) Major Low

 

Today is April 14 (Sun) and we're looking at this forecast as being very similar. But there are several different variations of this particular pattern. The most reliable one so far has been the year 2000 market. It is repeating almost exactly what happened in April of 2000 and that low came in on April 14. But we are looking for a low around April 23-24 (Tue-Wed), another bounce and another low around May 9 (Thu). The May 9th low may not be lower than the market is right now.

The analogs we're using are the year 2000, the 1996 market and the 2006 market. All of which are connected to the present market and you can see the overlap of the 1996 and the 2006 markets and how they go forward is extremely similar but not identical.

They both have a high late May, they both have a low late July. But from now until late May they have different variations on how they go forward. So at this point one needs to be cautious about expecting continued lower prices because the fourth wave does not have to be a big decline. It's after the Elliott fifth wave that you'd expect to see a major decline. 

 

After this whole correction phase is over we're expecting a new high by May 24 (Fri), a strong rally in the month of May and then after that a very big decline from May 24 (Fri) down into July 24 (Wed) area. That could be a very significant short position for those who want to go short or at least one once a hedge, one's long positions during that time. After that July low the market should again rebound strongly and by the end of the year make new highs.

So we're looking at a fourth wave correction which is probably going to end either in the next two weeks or it could be as late as May 9 (Thu) and then the fifth wave rally until late May followed by an ABC meaningful correction of the whole move from October 27th until May 24th that whole up move should be corrected in the two months after that. So if you're looking for a big decline it's not likely to happen now. It's more likely to happen after the end of May. 

 

Quoted from:
Allen Reminick (April 14, 2024) - Top Reasons to Exit S&P Short Positions SOON. (video)

 Solunar Rhythm, Cosmic Cluster Days & Sensitive Sun Degrees | April 2024

 

 

See also:
Tom McClellan (March 29, 2024) - Crude Oil's 10-Year Leading Indication for US Stock Market.

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.

Quoted from:
Allen Reminick (Mar 23, 2024) - Prepare for April S&P Correction Now. (video)

S&P 500 Near Term High on February 9th or 12th | Allen Reminick

We've been expecting a near term high early February in the S&P 500 and we still are expecting that. Also, at the same time, the short term cycles are still bullish for a few more days until Friday or Monday the 9th or the 12th of February where we could make an even higher high before the market corrects. After Monday the 12th of next week, we're expecting the market to come down into the late part of February. That should be a noticeable correction.

However, even though the market is likely to correct, we're cautioning people: It is very dangerous to short this market. The corrections may not last very long, they may not be particularly deep and once they finish they're going to shoot back up. We expect new highs in March, and probably higher highs late April before any significant longer term correction occurs between May, June, and July.

Quoted from:
Allen Reminick (Feb 07, 2024) - Trade with Confidence: Astrology's Near-Term Market High Forecast. (video)

S&P 500 at 5,000 by first Week of February | Allen Reminick

The S&P 500 has rallied from January 18 (Thu) to January 27 (Fri), and there is a high probability the index will see 5,000 by the first week of February. We call for a high around February 1 (Thu) and another high potentially on February 9 (Fri) before a decline until February 26 or 28 (Mon or Wed). 

 

After that we are expecting continued rally and much higher prices until April. If 4,908 is broken above for a few days and closed above on the cash, the S&P 500 is very strong. If there's going to be a big decline this year, it would start in April or May and go down into July or August followed by a resumption of the rally till year end into January of 2025. At least the 60 year cycle goes up into the late part of 2025. 

 

Reference:

Allen Reminick (Jan 27, 2024) - Potential Market High In First Week of February. (video)

 

Natal Sun vs NYSE.

S&P 500 Cycles, Analogues & Projections │ Allen Reminick

 S&P 500 Index - Correction targets.

January 05 (Fri) or January 09 (Tue) = low for a swing up into late January?

See also S&P 500 Index vs 18.61 Year Lunar Node Cycle.

 24-Year Cycle

 71-Year Cycle

 106-Week Cycle and 7.5-Month Cycle

Jan 04 (Thu) or Jan 09 (Tue) Low

 7.5-Month Cycle

 60-Year Cycle

 24-Year Cycle

 58-Month Cycle

 3-Year Cycle

 188-Week Cycle

 

Reference:

Allen Reminick (Jan 05, 2024) - No David Hunter-esque Melt-UP to 6000, Though the S&P is Bullish. (video)

Allen Reminick (Jan 05, 2024) - Expect an UP S&P 500 in 2024. (video)

S&P 500 Projection Into June 2024 | Allen Reminick

 

 

The November rally is likely to experience some downside pressure in the first half of December and the first half of January. 

After that, we expect higher prices until March and April of next year.

Quoted from:
Allen Reminick (Nov 18, 2023) - Market UP till April, But Watch for Down Moves. (video) 

 

The Gann 707 Fractal | Allen Reminick

W.D. Gann understood the nature of how markets expand, how they contract, the differences between time frames and the similarities between them. Nowadays we call this fractal geometry. Fractal geometry is extremely important to understand how markets develop and has been used by various market technicians. 

 

How do we use the 707 fractal to forecast the next few months in the S&P 500? In our most recent forecasts we've talked about a continued rally into the 20th or 25th of September 2023, and probably another high around October 3rd. After that we're looking for a decline that may be somewhat severe:

 

The number 707 shows up here on several different time frames. In the chart below the blue line is the 240 minute bar chart of the S&P 500 Futures shifted forwards by 707 units, and the red bars above are the actual current market: 

 

What is really interesting is that 707 weeks (707 weeks ≈ 12.9 years) and 707 months (≈ 58.916 years) are also repeating. This is where the concept of fractals comes in. Different time frames are having the same form or pattern. Look at this chart of the weekly S&P 500:

 

The major low of 2009 and the major low of October 2022 are 707 weeks apart.

 

The low in 2009 lines up to the week with the low in October 2022 - the major low that kicked off the whole bull market since 2009. This is lining up exactly with the low in October 2022, and the pattern in the decline between 2008 matches the decline in 2022. Even though the price action was much more severe back then, the form was the same. And we are talking about the form and now the rally that was taking place since October is also repeating very nicely 2009 into 2010 and 2011. 

 

 

So we saw two examples of 707, the first on the 240 minute bar chart and the second on the weekly chart. From this we take it one step further and look at 707 months (58.916 years). 707 months turns out to be two times the exact length of the cycle of Saturn. 25.457 years is the exact number of years of Saturn's revolution times two which equals 707 months to the day = 10,759 days.

Quoted from:
Allen Reminick (Sep 04, 2023) - Revealing the Gann 707 Fractal: Unlocking Market Secrets. (video)

 

See also:

Allen Reminick (2023) - Trade Forecast Mastery.