Tuesday, October 2, 2012

SPX Daily Chart Showing Bradley Turn Dates

The Bradley turn dates are highlighted over the last year. Note the market inflection points that typically occur on these dates.  The remaining Bradley turn dates for 2012 are 9/30/12, 10/9/12, 11/1/12, 11/14/12, 12/22/12 and 1/20/13. The bold date is a major Bradley turn date.  The Bradley turns do not predict direction, only that a market inflection point may occur.  Sometimes the moves result in an acceleration move either up or down such as the major turn on 12/28/11 which resulted in a continued upside acceleration move for markets.

The major turn date on 3/16/12 calls the market top during springtime this year.  The major turn on 6/12/12 identified the market bottom as rumors of central banker stimulus started to circulate.  Saturday, 7/28/12, was also a major Bradley turn which further identified the summer market bottom as Draghi promised to support the euro by all means necessary on 7/26/12, which accelerated the rally.

The next turns were 8/14/12 and 8/25/12, and only a day ago on 9/30/12. Note the market top for the 8/14 date, bottom for 8/25 date, and now we are in the 9/30/12 window, which may result in a bottom with a move upwards for a day or few.  Interestingly, however, is that today we move into a double window since the 10/9 date now overlaps. Thus, hang on to your hat. The market pop now may occur as a top and the 10/9 window affects a move back down. The Bradley turns are simply another tool to follow when trading. The blue squares show how markets obey the dates more often than not.

A wild end to the trading year may be on tap due to five turn dates occurring in the remaining three months time.  Thus, expect choppy markets moving forward especially if volatility increases.  Watch the action this week to see how this current 9/30 Bradley turn resolves itself. Then stay alert thru 10/16 to see how the 10/9/12 turn resolves. For more information, reference the Bradley Siderograph, Donald Bradley, Peter Eliades and Arch Crawford web sites. This information is for educational and entertainment purposes only.  Do not invest based on anything you read or view here. Consult your financial advisor before making any investment.

1 comment:

  1. Hi, at this point since we have moved down from the Oct 9 Bradley Turndate that October 16 will be a bottom around the SPX 1422 then a move back to 1500?

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