A fast recap for the newer readers. Within the latest years the 666 week and 666 day cycles have executed job in declaring market highs and lows. See this publish from 2021 in regards to the Feigenbaum cycle. And this publish from 2023, which indicated the summer time excessive in addition to the early winter low in that yr: 666 Once more.
One other key date was talked about on this second article, August 9, 2024, and that’s solely weeks away. So, let’s assessment that one. To make it simpler to observe together with my calculations, right here is an up to date overview chart:
The long run 666 week cycle peaked on Jan 4, 2022, just a few weeks after the December 10 key date we had identified within the unique article. As proven within the chart, 666 days earlier than that got here the covid crash. If we take precisely 666 days then we discover March 9, 2020. That grew to become often called Black Monday and was additionally the day when Italy introduced a national lockdown, the primary nation to take action. In order that was the principle panic day of the covid crash.
The 282 day decline from the early 2022 peak allowed us to challenge three extra key dates. Late July 2023 grew to become a market peak, adopted by a backside simply earlier than the November 1, 2023 date our 666 day cycle indicated. That leaves us with August 9, 2024, the following upcoming key date. This was all described in my 2023 publish: 666 Once more.
By now we’ve got more information to fine-tune the calculations. August 9, 2024 might be 666 days after the October 2022 low, which nonetheless stands because the lowest low for the reason that early 2022 peak. Bear in mind the 282 days we used succesfully in final years article. 282 days is 40 weeks, and likewise 9 months and 9 days. If we add 282 days to the low level reached on October 27, 2023, then we discover August 4, 2024. That’s just a few days away from the August 9 the 666 day cycle had indicated. As a small apart, the correction from July 2023 till late October 2023, nonetheless the most important decline for the reason that 2022 low, took 92 days. That’s the smallest cycle I take into account on this method, at 3 months and three days (or about 1/third of the 282 day cycle).
So, what to anticipate now? Please, keep in mind that latest successes with this sort of calculation doesn’t assure something. The cycles might shift. Or perhaps I simply acquired fortunate. By the very nature of comparatively long run cycles this has been tried and examined solely on a small pattern. So I might simply maintain my eyes open right here. It appears like we might get a prime, if we get something, round this key date. I simply seen the SPX hit 5666 whereas I used to be scripting this. However that is on the early facet to be match with August 4 or 9. We should always see increased highs first if this key date is “ON”. A potential situation is for a remaining surge to, or perhaps a contact of, the 6000 degree. If that occurs by the primary week of August then I might flip very very cautious. And naturally, we will additionally word that this key date falls proper within the center between the Republican and Democatric get together conventions that may affirm the candidates for the upcoming US elections in November. That might supply a number of extra plot twists that transfer or reverse the inventory market.
Good luck.
