S&P500 Spiral Calendar Chart For January 8th, 2016

Posted: under Predictions, Stocks.

Updated spiral calendar chart for S&P 500 as of January 8th, 2016. Please click on the chart to see a full HD-size chart.

The sharp decline to start the new year increases the chances that the top of the bull market from the 2009 low was at the May 2015 high and that we are in the early stages of intermediate wave 3 down to new lows. If May 2015 was the top, then there is a possibility we’ll see successive similar waves at larger and larger degree to start the decline. So if the move from May 2015 down to the August 2015 low is wave 1 at some degree, then the next larger degree wave 1 is still in progress and will take a similar form with a large sharp decline matching the August 18th- August 25th 2015 decline but at larger degree. There’s a good chance we are in the early stages of such a decline, roughly 1/3 the way through it in price and time. If the larger degree wave in progress is about 3 times the scale in terms of days and price move, then we can expect the sharp decline to continue for about 10 days and 300-400 S&P500 points, so ending somewhere toward the end of this month in the 1600 area. Of course bear markets always exhibit sharp short-covering rallies, which can happen at any time, so it pays to be nimble.

S&P500 Spiral Calendar Chart For January 8th, 2016

January 8th, 2016 Spiraldates.com Spiral Calendar Predictions For S&P 500

If you don’t understand the charts – see the posts here and here .

Comments (7) Jan 09 2016