“And so this is Christmas, I hope you have fun.” So This Is Christmas, John Lennon
Tuesday the SPX set a new record closing high after breaking out above a Tops Line connecting the October 29th high and the December 11th high.
If, as offered in yesterday’s report/and the twitter feed, we are going to see a Buying Climax Run in the context of the Gann Panic Window to the topside, counting from the November 21st low, then that takes us into mid-January to the 3rd week of January.
If
If the above chart is an inverse Head and Shoulders theoretically the projection is to 7278 region— if we get upside follow through and momentum.
If
Interestingly, 727 (7278) is 180 degrees straight across and opposite 483 (4835) which was the major low on April 7, 2025.
So there is that synchronicity if momentum is unleashed.
That said, clearly the downside pivot/support is the December 17 large range break of the 50 day line.
Talk about fast moves coming from false moves.
In addition to mid to late January, other dates are on the radar in January.
270 days/degrees from the April 7 low is January 7.
90 days/degrees from the October top is January 29.
349 (3490), the October 2022 low is direct January 9.
That ties to the anniversary of the Jan 11, 1973 false breakout top.
January 18 was the Primary High in 1966 with Feb 9 being the Secondary High,
We are coming to the end of a 43 year long wave advance that started in 1982.
On the Sq of 9, the number 43 aligns with Feb 4 and squares the year 2025.
The stars align over this whole period between late December 2025 and January 2026.
As WD Gann said the fireworks come at the end of major moves.
This was true of the top in March 2000 when the NDX exploded nearly 50%. In 7 weeks fulfilling a Gann Buying Panic.
Notice that the 3 Week Chart turned down right off the meltup high.
The first two consecutive weekly highs put the NDX in the weekly Minus One/Plus Two sell position and the market succumbed telegraphing the bear out of hibernation.
Following the first leg down the NDX (like the SPX) carved out a 1 2 3 Swing to a Test of the all-time high in late August 2000.
If the SPX were to mirror the Buying Panic in the NDX in 2000, theoretically it would equate to 9000 over in early 2026.
Never say never.
That’s the thing about the market. It can do anything. Our job is to get a handle on what the odds are …one way or the other.
