We are now in the window of the Cardinal Grand Cross, April 20-24. Anything can happen, including nothing. At times like these it is best to just be aware, but not to be in fear. Just because something big is occurring in the heavens doesn't mean it has to be bad.
If an event does turn out "badly," it does so according to our perception. It does not mean we must take on its negativity. We must guard our vibe and try to maintain an even keel. Easier said than done at times, but it pays to try.
Friday there may have been a fractal in the S&P 1 minute chart that might have been a tip off to what could occur if indeed 1872.53 gets exceeded. Yes, I still think it would mean new all-time highs eventually, but there could be some turbulence along the way.
This is what occurred at around 2:30 pm EDT Friday: price got above "b" and then fell way past "A."
Here is how it could look on the daily chart if the same thing were to happen fractally with price getting above 1872.53. The same pattern could yield a target of 1760-1780.
In that this has been an exceedingly difficult market to forecast lately (I was still looking for another low while the S&P was ripping higher last Tuesday), this may be the one unexpected thing the market may have up its sleeve. Otherwise, new all-time highs could come sooner rather than later.
Elsewhere, the socionomic backdrop continues to serve up mixed social mood which suggests a growing complexity as society tries to cope with monetary distortion.
The WSJ noted that the miniskirt has made yet another comeback (probably as social mood coils).
The Miniskirt Makes A Comeback
A few quotes:
It started as a spring drizzle, then runways with clothes for fall became flooded with them. Miniskirts in all styles—mod, flirty, kicky, sporty and even formal—signaled that hemlines are emerging shorter than they've been in years...
When high-fashion hemlines dropped to the shin several years ago, some people attributed the shift to conservative feelings engendered by the financial crash and ensuing recession...
The pendulum began to swing the other way about a year ago when Mr. Slimane put miniskirts and short baby doll dresses on Saint Laurent's runway in March 2013.
Socionomics would flip the causality, and say that conservative feelings engendered the financial crash and the ensuing recession. But whatevs.
Then, if you have time, take a look at what's happening in the LA punk scene. It's bigger than ever.
Punk appeared late in the '70s bear market and, socionomically, was a signal that social mood about as bad as it was going to get. Therefore it was a signal to start getting long.
Now, however, Punk's return along with the frank anger expressed by several of the kids in the above documentary is a worrisome sign for a market hovering at all-time record highs.