As can be seen, the current monthly cycles of S&P 500 are earlier to that of Nifty. S&P had bottomed out earlier and may top out earlier as well. Iam not suggesting that S&P is going to top out now.It is perfectly possible that the US Index will warn us beforehand in case of a long term reversal.
Since long term planets are not sufficiently engaged with one another, Iam skeptical of projecting any long term reversal in both indices. Still this study tells us that possibly the S&P may top out first.
On another count, have a look at Dax Monthly here...
In the context of astrology, these synchronicities may only be explained if astro factors which affect all of them universally is considered. And those are Aspects. Aspects are the same whatever be the Ayanamsas considered.
Before we get into the counts, let us look at the momentum charts..
Looking at the wave counts,
Even though I had shown here three angular supports, I expect 7845 to hold or at the worst, 7785. It is highly unlikely that we may slip to 7700 and below. But then market is always supreme.
It pays to keep an eye on the 144 days average....
Finally a look at the time price square indicates that 7875 and 7843 can be important levels.
To sum up,
1. We seem to be in the final leg of wave 4
2. Weekly momentum is negative. We wait for the smaller time periods to fall in line with the weekly, before venturing to buy anything.Till the weekly bottoms out, all upward movements are safe shorts.
3.Price wise 7875 and 7843 are levels to watch.
4.Astrologically, upto October 13, we are in a very volatile period. Positional trades can be taken up after October 13th.
5. Iam yet to see evidence of a major top in the making. Larger time planets indicate this could be some months away.
6. These are just my understandings.Let me state they are not recommendations. Errors and omissions are to be expected!
In the meantime, have a great holiday and enjoy the dynamics of October!
I would love to receive feed back.Do let me know your mind.