Potential next key dates

Some readers have asked for next key dates, after our previous posts on that topic worked pretty well. In our most recent post we discussed the August 9, 2024 key date, which we had shared more than a year ago.

We did not get a high (as looked more likely at the time of my early July writing), but a significant low on August 5, as explained in my tweet on that day. The Japanese market crashed on that day, and other global markets dropped to multi-month lows. The S&P 500 has meanwhile climbed to new record highs, so that August 5 low will stand as a major correction low.

So what next? We can now use the August 5 date, as well as the date of the previous important key date, which hit on October 27, 2023. Using the same intervals we used before we get this.

Based on August 5, 2024:
* + 93 days -> November 6, 2024
* + 282 days -> May 14, 2025
* + 666 days -> June 2, 2026
Based on October 27, 2023:
* + 666 days -> August 23, 2025

So mark your calendars ;-)
A quick comment. November 6 will be right after the US presidential election. This could easily be a low or high depending on how the markets interpret the results.

Some readers have asked about the 282 and 93 days intervals we used. 93 Days is three months and 3 days (give or take a few days). 282 Days is very close to 40 weeks. If we add 282 + 282 + 93 we get 657, which is very close to our 666 day cycle. If you take 93 weeks you have 651 days, which is also very close to 666 days. So this kind of smaller sub-patterns can appear, but they will not always appear. Trading would be all too easy if this worked like a Swiss clock.
That’s why those key dates should be used with an open mind. We know some turning points (top or bottom) can be expected, but *not ALL* key dates will produce a meaningful price point. Please use this with common sense.

Good luck.