Stocks fell hard Friday, March 13th, down significantly mid-day before staging a modest recovery that retraced about half the losses. This price action completed the right shoulder of a Head & Shoulders top pattern, shown in charts on page 34 for the Industrials and page 36 for the S&P 500 in this weekend's Market Forecast Newsletter to subscribers. This pattern is confirmed with Friday's price action, meaning the probability of downside price targets from this pattern being reached are high. Those downside price targets are 16,900ish for the Industrials and 1,960ish for the S&P 500.
We got a new Hindenburg Omen Observation Friday, March 13th, 2015. This means we need just one more observation over the next 30 days to have our third official Hindenburg Omen potential stock market crash signal contemporaneously on the clock. This is happening at the same time prices have completed two different Jaws of Death patterns, one huge from 1988, the other large from mid-2014.
Further, we are about to see a series of cycle turns occur simultaneously over the next 30 trading days, which include a Fibonacci Cluster turn window with 10 observations. Within this 30 trading day period are a number of very unusual astrological events, which can affect markets. In the past, we have pointed out that major trend turns often come around the spring equinox, which this year arrives within the above Fibonacci Cluster, on March 20th, 2015. Within this cluster turn period we also have a rare Total Solar eclipse (also on March 20th, 2015), the first day of the Hebrew calendar, (Nissan 1, evening also on March 20th), and a New Moon on March 20th.  ; March 20th is also a quadruple witching hour on Wall Street, an options and futures expiration date. Also within this Fibonacci cluster turn period, on April 1st, 2015 is a phi mate turn date, and on April 4th we see a Bradley model turn date, which is also Passover, and also has a Full Moon - not just any Full Moon, but a Blood Moon, the third of four in the 2014-2015 tetrad, a very rare event, that has the additional extremely rare occurrence that all four of these Blood Moons fall on the Hebrew Holy days of Passover and the Feast of Tabernacles (Genesis 1:14).
Something big is about to change.
From Robert McHugh
technicalindecatorindex.com
