Jupiter tagged posts

As reported on Twitter (@johnusa) yesterday, the AEX (see image) was fast approaching one of its Jupiter lines (red) at around 446. As history has shown, this is often a point of reversal. If this were the case this time it would indicate a top.

Interesting enough, the Jupiter line is descending, in...

Frequent readers know what’s going on. Please read the previous articles to see what’s going on here.

In order for the longer term ‘working model’ to stay valid, the AEX needs to decline very soon. First target is around 370 where there is some support (and a Jupiter line)...

The AEX has reached the upper trend-line dating back to 2011. So far, ALL important reversals in the past several years hit the Jupiter lines (explained here) either intraday or end-of-day (red wave lines). This target is currently 410-413...

The AEX is finishing a small degree 5 wave that should bottom Monday (at least 375?), or early in the week. This move is part of a larger impulse wave that started in the second half of November...

Wow, almost a month went by since the last update. That being said, the last update was on track and is still valid. Here’s the image from that article:

And here is the update for today:

The AEX is on its way to the upper of a large parallel trend channel...

Let’s do a little recap first. The chart below is from May 16. I projected a top around the May 25th eclipse because the following indicators all seem to come together:

• A complete Elliott wave count (a 1-2-3-4-5 or a A-B-C-D-E) 
• The Eclipse, which often correlates with a trend reversal within 1-3 ...

While the AEX decline since the May high looks choppy on the intraday chart, it can be subdivided and counted as 9 sub-waves. And 9 sub-waves is an impulse. If this assessment is correct, which I believe, the implication is that this is the first move down of a larger down trend...

As projected earlier, the AEX did indeed bounce of the upper Jupiter line (red) and is now on its way to the first support region, around 350-355. Fridays spike lower was on higher than average volume (yellow arrow) so this probably  means the decline is not complete...

The AEX is 1 point away from the upper Jupiter channel line. This line is at 371 on Tuesday, slowly climbing to 372 on Friday. The AEX is in a similar situation as May 2012 where the Lunar Eclipse right after the Solar Eclipse triggered a trend change. See bottom image...

AEX is approaching the next Jupiter channel line (red), that has been a good indicator of turning points in the past. See image below. Today the line stands at 370 and is slowly moving up to 371-372 on May 24-27.

In the bottom of the chart I added the Moon cycle, showing the New Moons (highs) and Fu...