Stock Market On Verge Of Melt Down?

July 5^th keeps coming back as an important cycle low for the stock market.  The recent daily Bollinger Bands on the SPX shows increasing constriction, which in the past pointed to a possible melt down, similar to what we saw from August 18-24, 2015.  This time around we have the same 115 TD’s from January 20, 2016 to July 5^th that we had from March 11, 2015 to August 24, 2015. July 5^th is also an important Bradley turn on a new moon.  Another similar Bradley turn occurs on another new moon November 29, 2016, which I believe will likely be another important low this year.

The charts below reveal my updated thinking:

Brad Gudgeon, editor and author of the BluStar Market Timer, is a market veteran of over 30 years. The subscription website is www.blustarmarkettimer.info

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