SPX Daily Chart Shows Bradley Turn Dates Over the Last Year

A Bradley turn date is tomorrow, 1/20/13.  As seen from the chart, the Bradley turn dates are worth watching since market turns do typically occur around these dates. The double circles are major Bradley turn dates. The turn dates are typically trend reversals although melt-ups or melt-downs occur time to time. The window for the trend change is +/- 7 days but typically the market turn occurs closer to the date, for the current date, that would be 1/16/13 thru 1/24/13. Last week was simply a continuation of the current rally trend with more upside (perhaps a melt-up beginning?). Thus, this week we see if some downside occurs in concert with the Bradley turn, or not, to identify a reversal. This week is pivotal for markets and is jam-packed full of earnings. AAPL earnings on Wednesday could very well alone decide the fate of the markets in one fell swoop. Apple will either verify an upside market melt-up with the SPX moving to 1500 on happy Apple news, or, a trend reversal and collapse lower likely on sad and disappointing Apple news.

A major Bradley turn date occurred on 12/22/12 which resulted in a spank down but the bulls regrouped and started the ongoing upside orgy on the happy fiscal cliff can-kicking solution to start the year. The Bradley turn dates only identify when a market trend change is likely to occur but the Bradley does not predict direction. The blue circles show all the Bradley turn dates over the last year and it is amazing how the dates always appear to identify market inflection points.  Google 'Bradley siderograph' or reference the web sites of Donald Bradley, Peter Eliades and Arch Crawford for additional information. The lower right margin has a link called "Bradley Turns."

The 11/14/12 turn date identified the market bottom virtually to the day. The major turn in March 2012 identified a significant topping area, then the major turn in June 2012 identified the significant market bottom. Interestingly, the major turn in late July 2012 was a dud, but if you recall, this is the exact time almost to the day, when Draghi said he would support the euro by all means necessary, creating the summer time QE rally, then the markets topped in September. For now, we are in the heat of the Bradley turn for the week ahead.   What type of excitement is in store for the markets this week? Hang on to your hat. 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.