STD Green Week (July 16-20)

This week is a STD Green Week, since Monday, July 16th, and Friday, July 20th, are STD Green Days (HERE).  Green Weeks are usually directional. However, this one might see the high of the week as early as by the end of Tuesday.

The pattern on Monday, July 16, is expected to mimic last Thursday. Tuesday is a potential STD-inversion-day. On the intermediate-term Delta-scale (ITD), we expect a rally into July 18 +/-  =  ITD #8 HIGH  = MTD #2). As outlined HERE + HERE already, ITD #8 is likely to stay below the July 3-5 ITD #6 HIGH. 

The 4 Year Lunar Cycle suggests that this high will be followed by the immediate decline into late July-early August (= 180 TD LOW = 40 Week Cycle LOW  = 9 Month Cycle LOW) as the start of a multi-month decline. The 40 Year Cycle points to a high above the April-May highs. 

We already pointed to Mars opposing Uranus on July 18 HERE + HERE, and  since this is also a New Moon day, that day serves best as the week's major CIT.

STD Red Week (July 9-13)

STD Red Weeks are trenders from Tuesday open to Friday open.  Monday and Friday often reverse the Tuesday - Thursday trend. So this STD Red Week's pattern should be

• down into Tuesday AM around 11:00 - 13:00
• reversing Monday's loss by rising up from the Tuesday low into Thursday 10:00 +/- 1 hour.

In case one is short, don't hold longer than Tuesday open, maybe close out near the close on Monday.  If a convincing move, reverse the trade some time Tuesday.  

The bias of the S&P 500 in the Election Year Seasonal Chart is up.

US stock indices are expected to rise into July 18 (Wed). 

2012-07-17 02:57 (Tue) = VEN 45° URA [helio]
2012-07-17 06:13 (Tue) = MER 60° NEP [helio]
2012-07-17 07:42 (Tue) = MAR 120° JUP = Level 2
2012-07-17 14:59 (Tue) = MAR 90° PLU  = Level 2
2012-07-18 00:00 (Wed) = New Moon
2012-07-18 21:36 (Wed) = MAR 180° URA = Level 1
2012-07-18 18:34 (Wed) = MER 90° URA [helio]
2012-07-18 18:36 (Wed) = VEN 45° PLU [helio]
2012-07-19 16:33 (Thu) = MER 0° PLU [helio]

More info on the Mars-Uranus Crash Cycle HERE + HERE

www.chartsedge.com

www.alphee.com

www.cyclelt.com

www.danericselliottwaves.blogspot.com

"The uptrend has progressed from SPX 1267 to 1363, Minor wave 1. Then pulled back to SPX 1309/10/13, Minor wave 2. The recent rally to SPX 1375 looks like Minute wave i, with friday’s 1348 low Minute wave ii of Minor 3. While a further pullback for Minute ii is possible we think it’s unlikely at this time since the market did get quite oversold. Once the SPX clears the 1358 level we believe the uptrend should resume to new highs. ... Short term support is at the SPX 1342/47 area and then 1334/38. Overhead resistance is at the 1363 and 1372 pivots. Short term momentum hit quite oversold on friday before rebounding toward neutral. The short term OEW charts remain positive with the swing point still around SPX 1350." [www.caldaro.wordpress.com]

www.ttheory.com

www.astrocycle.net