Potential key date

A quick recap for the newer readers. In the recent years the 666 week and 666 day cycles have done a good job in pointing out market highs and lows. See this post from 2021 about the Feigenbaum cycle. And this post from 2023, which indicated the summer high as well as the early winter low in that year: 666 Again.

Another key date was mentioned in this second article, August 9, 2024, and that’s only weeks away. So, let’s review that one. To make it easier to follow along with my calculations, here is an updated overview chart:

The long term 666 week cycle peaked on Jan 4, 2022, only a few weeks after the December 10 key date we had pointed out in the original article. As shown in the chart, 666 days before that came the covid crash. If we take exactly 666 days then we find March 9, 2020. That became known as Black Monday and was also the day when Italy announced a countrywide lockdown, the first country to do so. So that was the main panic day of the covid crash.

The 282 day decline from the early 2022 peak allowed us to project three more key dates. Late July 2023 became a market peak, followed by a bottom just before the November 1, 2023 date our 666 day cycle indicated. That leaves us with August 9, 2024, the next upcoming key date. This was all described in my 2023 post: 666 Again.

By now we have additional info to fine-tune the calculations. August 9, 2024 will be 666 days after the October 2022 low, which still stands as the lowest low since the early 2022 peak. Remember the 282 days we used succesfully in last years article. 282 days is 40 weeks, and also 9 months and 9 days. If we add 282 days to the low point reached on October 27, 2023, then we find August 4, 2024. That’s only a few days away from the August 9 the 666 day cycle had indicated. As a small aside, the correction from July 2023 until late October 2023, still the largest decline since the 2022 low, took 92 days. That’s the smallest cycle I consider in this approach, at 3 months and 3 days (or about 1/3rd of the 282 day cycle).

So, what to expect now? Please, remember that recent successes with this kind of calculation does not guarantee anything. The cycles could shift. Or maybe I just got lucky. By the very nature of relatively long term cycles this has been tried and tested only on a small sample. So I would just keep my eyes open here. It looks like we may get a top, if we get anything, around this key date. I just noticed the SPX hit 5666 while I was writing this. But this is on the early side to be a good match with August 4 or 9. We should see higher highs first if this key date is “ON”. A possible scenario is for a final surge to, or even a touch of, the 6000 level. If that happens by the first week of August then I would turn very very cautious. And of course, we can also note that this key date falls right in the middle between the Republican and Democatric party conventions that will confirm the candidates for the upcoming US elections in November. That could offer several more plot twists that move or reverse the stock market.

Good luck.