spaintastic monday, page-3

I just hate the way every time I have to be away from my charts everything seems to slip into place so nicely.

I had mentioned that I had a cluster of dates from 2nd to 6th July. Those dates happened to wrap around the long weekend in New York precisely and ended up marking a lovely low in the market.

As everyone is aware, we have a total solar eclipse today. I had mentioned ages ago that I was looking for this solar eclipse to trigger the cardinal climax that is exact at the end of this month. Just a bit concerned now that there is so much focus on the eclipse as a time line, that the market may try and pull a few little tricks. Perhaps a turn but then go back a couple of days later to have another look. From my astro stuff, I have 11th to 13th as a turn but I have 16th also. I would think this probably suggests a bit of volatility but a very important week. All calculations are done on New York time.

From an Elliott point of view, I am looking at this bounce as a minor wave 2. The only question is whether it can struggle higher. At this stage most indicators have not signalled a top so must give it a bit more time. But if it is a minor wave 2, just be aware that when this rally is over we start a minor wave 3 down. But as has been pointed out many times with Elliott Wave analysis, virtually everyone has a different view. I am happy that the path I have mapped out is looking pretty good at this time and will stick with it till the market tells me something else.