The Bradley Siderograph is always interesting to watch. The Bradley predicts turn dates based on esoteric factors such as the stars. Nonetheless, the proof is in the pudding and more often than not, the turn dates result in either trend changes or a rapid and strong acceleration of the current trend. A trend change should be expected more than an acceleration move. The turns typically occur within +/-3 days but it is best to give them a week plus or minus.
For 2020, there are four turn dates; 3/17/20, 5/11/20, 8/19/20 and 12/2/20. The March bottom was 3/23/20 and the Bradley almost nailed the turn to the day (and the dates are announced many months ahead of time).
The May turn date was the mini pullback move that started 5/12/20. The 8/19/20 turn date is, well look at that, today is Tuesday, 8/18/20, so tomorrow, and we are firmly in the key window of the turn date from last Friday through Monday, 8/24/20. Thus, it will be interesting to see if a turn occurs, or sudden acceleration higher, in the stock market. Considering the uber complacency, high valuations and negative divergence plastered over the index charts, the expectation would be for a down move, but in these whack-job markets, you never know what will happen.
People may pooh-pooh such indicators but the siderograph has a proven track record so why not incorporate it into the overall analysis? If the neighbor lady only owned a blue coat and a pink coat, and you notice that each day she left the house wearing the blue coat the stock market went up and when she wore the pink coat the market went down, what would you do the following day? In trading, it does not matter that you know or understand the mathematical or scientific basis of market indicators and signals, the only thing that does matter is their history and pattern.
The new moon peaks at 10:41 PM EST tonight about 14 hours away the darkest time of the month. The militaries with the superior night vision carry out covert raids during this time of the month. Stocks are usually weak moving through the new moon and usually bullish through the full moon (about two-thirds of the time for each; another esoteric indicator). Conversely, OpEx is Friday and the Tuesday of OpEx week usually prints a low in stocks that runs up higher to a high on Wednesday. So the two factors conflict with each other. Which will win?
So we shall see, if the Bradley turn comes to be (for a trend change lower). If it does, it will be anytime over the coming days. 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 decision.
Note Added 9:46 AM EST: The SPX prints a new all-time high at 3394.02. Wheeee! Whooopie! Every day is a party. And another. SPX 3394.22. Yee-haw. Whhheeee! Stocks never go down and only rally. Praise, Honor and Glory to the Fed Our Money God! VIX drops to 21.24 slightly negative on the day. Dollar drops to another LOD at 92.17 as the SPX prints the all-time high. The euro spikes to 1.1962. And another high at SPX 3395.06. Come on, you can do 3.4K! The hats arrived from the screen printer this morning and are sitting in two cardboard boxes on the trading floor. Buy! Buy! Buy! Let's pull out those SPX 3,400 hats! Whhheeeee! Whhooopie! Fed Chairman Powell plans to print money forever so skies are permanently blue with colorful rainbows, and unicorns too. The euro long positions are at record levels while the dollar short positions are also at record levels.
Note Added 5:38 PM EST: Wheeee! Whoopie! The SPX prints a new all-time high at 3395.06 and new all-time closing high at 3389.60. The bulls are reaching for the sky since tomorrow may never come. The dixie prints the low at 92.13 but Mr Dollar pulls himself back up to 92.32. The VIX drops to 21.61 so the stock market was correct in going up since volatility is down. Euro 1.1931.
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