Is a Correction Coming?
The short answer to the question of a correction is YES!
Here is what the S&P 500 front month futures chart looks like as of now. The heavy black dashed trend lines extend from the 2007 highs and the 2009 lows. We are now outside this decade-old channel. Price action is up against a Uranus sub-Quantum Line. To determine these sub-QL levels, I divide the distance between QL’s according to the perfect 4th, perfect 5th and major 6th musical intervals. Venus will be at a declination minimum in early January 2021. Mid-January will see Sun and Saturn at conjunction. Evidence says… a correction looms. The fly in the ointment, however, continues to be the Federal Reserve. The FED is reportedly thinking about extending the bond duration of its purchases. By squelching the longer bond price signals through repetitive buying, the markets stand to become even more irrational. Add to this observation that fact that 2021 will be a Shmitah Year (see my 2021 Almanac for a discussion of Hebrew religion type cycles). All too often the year after a Shmitah Year can be worse that the Shmitah Year itself. In 2022, Saturn will spend a good deal of time 90 degrees square to Node. Uranus will draw nearer to a conjunction with Node. Definitely bad omens! Node in Taurus in 2021-2022 says the economy will be slowing. WE ARE HEADED FOR TROUBLE. NO DOUBT ABOUT IT.
