“Hear me prowlin’
I’m gonna take you down
Hear me growlin’” Can’t You Hear Me Knocking, The Rolling Stones
“Ask, and it will be given to you. Seek, and you will find. Knock, and the door will be opened to you.”
Matthew 7:7
“Of all the mysteries of the stock exchange there is none so impenetrable as why there should be a buyer for everyone who seeks to sell. October 24, 1929 showed that what is mysterious is not inevitable. Often there were no buyers, and only wide vertical declines could anyone be induced to bid.” John Kenneth Galbraith
On Tuesday, November 19th, Pluto makes its final Aquarius ingress.
Unlike the Sun which moves from one sign of the Zodiac to another each month, Pluto stays over a decade in one sign before moving on.
As viewed from earth, that planet has been hovering on the boundary of Capricorn and Aquarius since last year. The July/ October 2023 plunge may have been the result. But it finally moves in for good this week. It’s move through Aquarius lasts until 2043.
You can see the cycles within cycles, wheels within wheels that play out in markets:
As offered, the Sun moves from one sign to another each month or moonth,
While the moon cycle is 28 days or approximately a month, mirroring the 28 YEAR Saturn cycle…
Saturn being Old Man Time and one of W D Gann’s Chronocators, the other being Jupiter.
Why is this important? Pluto’s last transit of this area of the Zodiac coincided with the French and American revolutions and the Industrial Revolution.
Pluto last entered Aquarius from 1778 to 1798.
It entered Aquarius on January 20, 2024 and went in and out, but will REMAIN there from November 19, 2024 to March 8, 2043.
In sum, Gann’s own words backstop my analysis for a major top in 2024.
‘In so many words’…Gann was purposefully enigmatic…he said to identify a significant low and then project outward with Time.
You have to know what Time is.
But that is a topic for another time.
It has taken me two decades to glimpse what Gann meant.
Bottom line projecting 180 degrees straight across and opposite the major March 6th, 2009 low is 15 years because 15 years is 180 months. 15 years is 90 degrees Gann’s Master 60 Year Cycle.
But since time is not circular but elliptical as is the orbit of the planets, projecting 180 degrees using the planets I have discovered gives November 2024.
Now we have two things pointing to 2024…one being March, one November.
The mid-point in Time between March and November is JULY.
In July 2024, the SPX left a Key Reversal Week leading to the largest decline since the October 2023 low.
It “overbalanced” the trend…being the largest decline since the advance started.
That doesn’t mean the trend turned down necessarily: the trend is your friend until it bends near the end.
What it does imply is that there is a strong likelihood that July was the Primary High.
Interestingly the SPX marched up a Gannish 900 points from the low following the July peak into
The November 11 all-time high.
What has happened since November planetary synchonicity? Markets have turned conspicuously cranky this past week. This after animal spirits were in full throttle.
It smacks of a Buying Climax.
How does the March 2009 low “square” with November 11 for a high?
the low CLOSE in March ’09 was on Monday March 9th at 676.
676 is opposite November 11th on the Square of 9.
A weekly SPX depicts last week’s about face.
Breakage below the week before last’s low of 5696 this week or next produces a weekly Keyser Soze sell signal.
That’s because the first week of November was an outside up week.
It wasn’t just an outside up week, it was a large range outside up week …to new record highs.
Offsetting that bar to the downside is a big deal.
As well we need to be mindful of the fact that the first week of November marked a turndown in the 3 Week Chart.
Consequently, a reversal below that low, 5696,—with downside follow thru—in relatively short order—is a sell signal.
Why the quick change in emotions in November?
I have no doubt that the market’s drama is tied to the influence of specific planets in this instance.
The movement of the planets governs our emotions. In turn, our emotions affect the markets,
Why should this be? The universe is synchronous.
That is not to say a few months either way could not mark the major top.
But once we have a bigger picture cycle on the table, one way to try to nail down when that top is would be a Time/Price square-out.
Our expectation was we could push to a square-out at 6100 +, as flagged in early October.
Why? 609 is 1080 degrees (360 X 3) up from 349, the Oct 2022 low.
However there is also a Time/Price square-out at 6000 and November 11th.
Let’s look at it again.
If we have a top in November with the “possibility” of a test of the highs in January it may mirror the pattern from November 2021 to January 4th 2022 three years ago.
Markets often play out in threes. Three years is 1080 days/degrees or two 540 degree cubes.
So on an intermediate cycle basis this is an important period.
Indeed since the dramatic rally started in October 2023, I have written often of the possibility that a Measured Move was on the table.
Allow me to recap.
From the March 2020 Covid 2192 low the SPX advanced 2626 points to January 2022.
From the major 3491 October 2022 low a similar advance of 2626 points gives 6117.
This NOVEMBER the SPX reached 6017.
What’s 100 points between friends? (bears?)
That said this month produced a third hit of the top of a trend channel from the Oct 2023 low
The last leg of in this trend channel starting from the August 5th low appears as an Ending Diagonal.
Let’s drill down and take a look at this Ending Diagonal thru the lens of the dailies.
Arguably, the SPX drop in October broke an Ending Diagonal . The surge back to new highs backtested the ED..
Given the action at the end of last week Monday’s backtest of the top of the Ending Diagonal looks like a Katie kiss goodbye.
The nature of an Ending Diagonal is the violence and speed of its reversal.
The SPX dropped 180 degrees this week potentially turning the kiss into a divorce.
On Friday the SPX undercut 5863 which is 180 degrees down from high dropping to 5853 but rebounded to close at 5870 on the important Friday weekly closing basis.
Checking the hourlies it looks like Katie’s knocking on the door.
Wednesday’s gap down produced an Island Top.
However with the SPX testing:
- Its 20 day moving average
- The October highs
- 180 degrees down
A rally attempt seems likely.
The structure suggests if that rally is going to play out it starts early this week.
By sometime Wednesday the expectation is another rug-pull.
In sum, within the context of the market structure/geometry of the last 100 years, looking ahead to the planetary geometry of the next few years we must be concerned that history is repeating.
- As well as military confrontation, a pandemic larger than Covid will be a dominating theme for the remainder of the decade.
- The last time the North Node was where it will be in early 2025 with similar planetary aspects was in the middle of the 19th century. If history were to repeat, then there is potential for bank failure and chronic crisis in 2025.
- This may coincide with a major Jupiter-Saturn cycle in the summer of 2025.
In fact Jupiter and Saturn have three squares between August 2024 and June 2025.
August 19th, 2024
December 24th, 2024
June 2025.
Next summer in addition to the Jupiter/Saturn aspect there are some similarities to the financial panic of August 24th 1857.
Interestingly, that ties to the anniversary of the top in 1987.
It’s worth mentioning that Jupiter and Saturn were opposite in mid-July 1990 when the market struck an all time high. Two weeks later war broke out in the Middle East.
What’s unique about the Panic of 1857 is that it was the first financial crisis to spread rapidly. It was the first worldwide economic crisis because the world economy was more interconnected by virtue of the invention of the telegraph.
The years immediately preceding the Panic of 1857 were prosperous but as the market began to fall, the effects of financial panic took hold and American banks did not recover until after the Civil War.
From 1857 to 2025 is 168 years, a Fibonacci Fractal.
This should have our attention because 168 on the Square of 9 Wheel ‘points to’ November 11th.
November 11th the SPX, NAZ and DJIA each struck record highs and retreated with authority.
On Oct 3rd, Hit and Run wrote, “….clearing 5860 opens the door to 6000 – 6100.”
Last week we flagged November 11 squares-out with 6000 SPX.
The Fat Lady is gargling. Breakage below the bottom of the trend channel and the 50 day line opens the door to 360 degrees down at 5710
Below 5710 Katy Bar The Door.
Her desire:
50% of the range from the October 2023 low to last weeks record high is 5060.
This ties roughly to the April 2024 low.
For starters.