Phi mate turn date and

    Posted by elliotw on 14th of Aug 2020 at 09:15 pm

    Phi mate turn date and a Major Bradley model turn date scheduled for August 18th and 19th, 2020.

     

    • There is both a Phi mate turn date and a Major Bradley model turn date scheduled for August 18th and 19th, 2020. 
    • The Phi Mate turn dates agreed with the Bradley model on two major occasions, the December 24th, 2018 Low, and the March 23rd, 2020 Low. Both Lows led to dramatic rallies. 
    • The fact that we are getting a Phi mate turn date and a Major Bradley Model turn date scheduled within one day of each other, August 18th, and August 19th, 2020, is an important warning and increases the probability of a strong trend turn. 

    PHI MATE TURN DATESare a cycle trend turn date where often the relationship of significant tops and bottoms occur a Fibonacci .618 or .382 number of trading days from each other and from the all-time inflation adjusted high for the stock market back in January 2000. This allows us to calculate future trend turn dates based upon the dates of past tops or bottoms of significance.

    THE BRADLEY MODELis a Cycle trend turn indicator based upon astronomical alignments. If we look at the four largest trend turns over the past two and a half years, we see that the Bradley Model was predicting a turn within two weeks of the major turns February 1st, 2018, December 24th, 2019, January 17th, 2020, and March 23rd, 2020. There are major and there are minor Bradley model turn dates. There have been only two Bradley model turns so far in 2020, and both were Major turn dates that ended up being correct. The first pointed to the 2020 crash through March 23rd, the second pointed to the retracement from March 23rd through now. 

    * Note: Turn Dates can be either positive or negative.”

    This sort of makes you wonder whether Long subscribes to McHugh’s site.

    One of the bullet points above really jumped out at us – specifically. “The Phi Mate turn dates agreed with the Bradley model on two major occasions, the December 24th, 2018 Low, and the March 23rd, 2020 Low. Both Lows led to dramatic rallies. When we link this this with the following points, the markets could have a problem maintaining its upward momentum either up to the turn dates or after them.

    Source:  https://avmmarketwatch.com/2020/07/20/july-20-2020/

    thx for posting, definitely something

    Posted by matt on 15th of Aug 2020 at 01:44 pm

    thx for posting, definitely something to keep an eye on. 

    HYG is really lagging the SPX here, so I think the market is at or near a dangerous point.  When I look at the charts I could see it moving down or I could see yet one more pop up like the SPX to hit that Feb high, sort of a flag look on the 60 min time frame.  I hope we get one more pop but then yes will have to monitor the charts closely.  It's getting harder to find good long setups

    Thank you for posting!  Great

    Posted by steverobin on 15th of Aug 2020 at 08:11 am

    Thank you for posting!  Great information.

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