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

Posted: January 9th, 2016 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 .

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7 Comments »

  1. You took out the spirals from January 11 &12th. You see the market down, then until the 13th?

    Comment by ana — January 10, 2016 @ 3:41 pm

  2. I didn’t remove the spirals shown for Jan 11th and 12th on the December chart – they actually just moved to the 13th and 14th January due to the way my charting platform (Amibroker) works with trading days rather than calendar days. The spirals are calculated using calendar days and this is accurate and non-varying, but then the calendar needs to be converted to trading days to display on the charts and we use an approximation based on the number of trading days per year divided by the number of calendar days. Since US holidays are not traded they don’t count as trading days however because the distribution of holidays is non uniform, there can be discrepancies in chart dates spirals appear at due to intervening holidays – in this case Christmas Day and New Year’s Day in quick succession.

    Yes I am expecting the market to continue the decline until the 13th-14th January at least, although bear market rallies are often very sharp.

    Comment by Admin — January 10, 2016 @ 4:36 pm

  3. Thank you for this information! Very much appreciated!

    Comment by ana — January 10, 2016 @ 5:01 pm

  4. Hello, what a day! Does this sprial today mark a change to the upside of start of the downside?

    Comment by Ana — January 20, 2016 @ 9:49 am

  5. A rally can start at any time, however I would expect a climactic decline and some capitulation from the bulls immediately prior to any large rally (i.e. a spike low). We have not seen this yet, in fact the decline almost seems orderly and slow motion. So I am expecting further downside. As I mention in the post if this decline is just a larger degree version of the Aug 18th-25th 2015 decline, we may find a bottom near 1600 in a few days.

    Comment by Admin — January 20, 2016 @ 10:26 am

  6. Thank you for you comments.

    Comment by Ana — January 21, 2016 @ 1:34 pm

  7. So maybe up on Friday, February 5th, for the last hurrah? Top being in next week for awhile?

    Comment by Ana — February 4, 2016 @ 7:58 pm

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