Bull I am not growling yet, still pretty much straddled. Leaning bearish.
Things must have changed very early in the morning. I usually look at the futs during my night time potty breaks. Kind of an ugly day.
The who's who of astro and cycles has this week dead center for a major turn (down), with a window out to early June. Mr. Merriman. He also says very tricky right in here. Been right on with the tricky part of late.
I have a nasty looking astro turn on the 13th. It is due to these, which correlate very negative to Dow reactions. Saturn did not disappoint today.
| 5/12/2023 | Mercury | Sextile (60°) | Saturn | -3.31% | | 5/12/2023 | Mercury | Sextile (60°) | Venus | 0.74% | | 5/12/2023 | Venus | Trine (120°) | Saturn | -2.04% | | 5/15/2023 | Mars | Trine (120°) | Neptune | -1.14% |
I am not going to under estimate the power of the cycle and astro, and is why I sold my Cohu. There are some really bearish possibilities going forward, decided it best to let the hand be shown.
I groused several earnings reports, Apple, Google, Amazon, Msoft, Xom, etc. One very prominent theme, declining revenues.
Wave wise were still in this big debate, do we get a Big C down or not? Not yet clear imo. But I think Merriman has it pretty much nailed as to the timing for a decision on the matter, I am on the same page.
There is no need to jump the gun, down or up, the next major cycle is a longer one.
And as usual there are many things unclear. One possibility that pops up is that we will get a default, and no agreement on more free money, until much later in the year. I am not a finance man and have limited understanding, but it keeps popping up that if this happens, rates will rocket upward. My dollar cycles say more dollar up but a bit unclear.
Tweets
Msoft now dead center a very major cycle top. We will get a reaction, so count stays the same, until further data. If the bulls win, the reaction will be mild and no TL break. Imo. 
Tech is a big part of the Spx now. The Ndx cycles are in the same boat with Msoft, as it should be. Imo still a lot of question marks. We should get a reaction here. If the B case top holds, what a weak B wave.
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