From Safe Haven, by Brad Gudgeon, Apr 2015
The NASDAQ is showing the same type bearish divergence from the S&P 500 last seen from Nov 28 to Dec 5, 2014. The Lindsay top has a variance of 222/225 trading days placing the last possible top for the S&P 500 on Monday, April 20, 2015. From Dec 5 to Dec 16, 2014, the S&P 500 fell about 5.46% top to bottom over 7 trading days. Following the same pattern places the next low on the FOMC meeting date of April 29, 2015, which also happens to be a Wall Cycle low of 11.25/33.75 trading days from the series starting on Mar 11, and following on Mar 26 and April 14.
What followed the December 16 low was a 7-8 trading day monster rally into Dec 26/29. I can’t help but think that the FOMC is going to kick start the market…
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