The stock market top will be either on Monday, May 27, Wednesday, 5/29/2019, Friday, May 31 or Monday, June 3. I pick May 31 as it is 33 weeks and 9 days after the previous top on Wednesday, 10/03/2018. Note that "three to four" equals 34 and "three to four weeks" equals 349. May = 3. The top will be on 5/31/2019 and the three digit handle will be 273 or higher. May 31, 2019 = 343 or 543. Either way is not good for Trump.
Now look at the annotated chart of yesterday's close. Notice first that yesterday was 5/13 just like 5/31. If we are indeed forming a "V" and if yesterday was the low point of that "V" then the top being 18 days later makes perfect sense. Yes I realize that it means the market will have to move much higher and in a hurry.
The only factor in all of this that bothers me is the placement of the 3 and 3 points. First note that "top" = 33. Also note that the 6th point so far is the highest on the right side. And of course the first point still stands as the top on 10/03/2018. Point 6 was on 4/23/2019 and then the market rolled over. Either the top is already in, or it will be in no later than 6/3/2019. I still think it will be on 5/31/2019, the last day of "Sell in May and go away".
https://www.cnbc.com/2019/05/14/trump-three-to-four-weeks-to-know-if-china-trade-talks-successful.html
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| Dow Jones Close On Monday, 5/13/2019 |
Please read my other posts on this subject:
