Saturday, February 23, 2019

Financial Astrology - February 25, 2019


Our posts are now reported on the highly regarded FXStreet.com.

Summary

SP500. It is possible the recent low was the 4 year low on December 24, 2018 or it is still forming. The 4 year may be in front of us, perhaps near year end.

This does look like the Primary cycle low (18 week) on Dec 24.

Things may heat up the following week starting Feb 25th. Volatility should continue and longer term I’m expecting bigger moves and changes from 2020 through 2023.

Watch for a cycle turn in the SP500 next week or 1st week in March.

Jupiter square Neptune which we have mentioned numerous times may be the real problem as these planets in aspect can be quite inflationary. There are also large debt problems in many countries, companies and individuals. One of the reasons I’m looking at Gold here is Inflation coupled with the above debt problems. This may be pointing to serious financial problems late 2019 or 2020.
Watch out for Feb 6 +- 3 tds (trading days) for SP500, Gold or Crude.

Gold When the pullback is complete, I’m looking for Gold to move up into mid-March. We may see another pullback then a rise in Gold over the next few weeks. Gold should still be the trade of 2019.

Crude's  Crude started up on Dec 24. This should be the Primary cycle trough and we are entering the 9th week of the Primary cycle. I’m looking for a move down in Crude.


SP500
The Primary cycle trough was on Dec 24th. We are currently entering the 9th week of a new Primary cycle. The Primary cycle is approx.18 weeks and is typically composed of 3- 6 week cycles or 2-9 week cycles. This Primary cycle should see a turn down between Feb 25 and March 8th, +- 2 weeks.

The Price moving averages, the 15 day sma is just under price and above the 45 day sma which is turning up. Notice price hit resistance at the 200 day sma.

The 15 day sma is red, the 45 day sma is blue and the light blue is the 200 day sma.

The recent move down to the Primary low was timing the 18-week Primary cycle and a 2 year cycle. The longer term cycles (2 year) can distort the shorter term cycles (18 week). As noted above we may be seeing the 4 year cycle low later in the year although it could have been at the Dec 24 low.

September 21, 2018 seems to be the crest of the last Primary cycle and may be the cycle high for the 4 year cycle.

The following dates may have significant moves or start of a move. The following aspects are for a reverse in trend or large range day.

Feb 19             Mercury/Neptune sextile Saturn
                        Emphasis on Neptune / Saturn from Jan 31, 2018. This can manifest as chronic                         conditions , the methodical attainment of plans with great pain-staking effort.
                        Neptune and Saturn are both in the signs of their rulership. Saturn rules                         Capricorn and Neptune rules Pisces. Pluto is also in Capricorn. Venus stands for                         money (currencies). I’m looking for volatility as Venus will be in aspect to Pluto                                   then Uranus.

Feb 20             Sun semi square Saturn
                        Difficult struggles.

Feb 22             Venus conjunct Pluto
                        Watch for changes in crude / equity prices and currencies.. Watch for changes to                                   the banking system or other financial institutions.

Feb 26             Sun semi square Pluto
                        Sudden movement

March 1          Venus square Uranus
                        Sudden financial moves / movement in currencies.

March 5          Mercury Retrograde
                        See below

March 6          Uranus enters Taurus
                        Taurus rules money / currencies. Uranus is sudden change. This period of time                          could affect the banking system and other financial institutions. As noted this                                        could affect currencies as well. This would include the US buck.
                       
                        Sun conjunct Neptune
                        This aspect should emphasize the Jupiter / Neptune square and would be good                         timing for a move in Gold and / or a turn down in the SP500.

March 9          Saturn parallel Pluto
                        I view the parallel aspect as a mild conjunction. Nevertheless these are two                         powerful planets which could affects the market sharply. It could also be                                               signaling some other type of event.

The above aspects are for the next 2 weeks. A list of powerful outer planets aspects follows. They will be covered in detail as we approach them.

Mercury Retrograde
This week we have Mercury turning retrograde on March 5th. The inferior conjunction between Mercury and the Sun occurs on March 14th and Mercury turns direct again on March 28th. Since this is the inferior conjunction it is also the heliocentric conjunction between the Sun and Mercury. There can be a change in trend at any of those dates.
As a reminder the two planets inside the Earth's orbit are Mercury and Venus. Both can have inferior and superior conjunctions depending on whether they are on the Earths side of the Sun or the far side of the Sun.

Inferior conjunction



Superior conjunction
The following chart shows Mercury retrograde (red arrow pointing left), Mercury turning direct (blue arrow pointing right), the geocentric inferior conjunction (small red circle) and the heliocentric conjunction (small blue circle) on the same day. Note the swings in the SP500 on any of those dates in the past.






This Mercury retrograde period is occurring in late Pisces, a mutable water sign. Mercury also rules communication, commerce and trading, that is buying and selling. It has a reputation for problems, both communication, contracts and wrong decisions or choices.
The Mercury retrograde period is known to be volatile. There is potential for increased volatility and problems for both the Retrograde and Direct dates.

Any aspects, like those noted above are a minimum of 3 tds (trading days). Longer term aspects will be noted separately. The following list are planet aspects. There will also be Eclipses, Fixed stars, cycle charts and other Astrological items.

Longer Term Aspects

2019    Jupiter square Neptune

2020    Jupiter conjunct Saturn
            Jupiter conjunct Pluto
            Saturn conjunct Pluto

2021    Jupiter squared Uranus
            Saturn square Uranus

2022    Jupiter conjunct Neptune

Jupiter square Neptune will be with us for most of the year. Due to retrograde motion Jupiter will square Neptune 3 times. This combination can point to an increase in spending, inflation, currencies and potential debt problems and bankruptcies. This could be on and off all year. Neptune alone is about illusion and delusion. Jupiter can be very favorable but tends to overdoing things.



Feb 20 may still result in a turn. See the Bradley Indicator at the end of this section.
If the current volatility continues watch for a cycle turn during the next 2 weeks.

The following daily chart of the SP500 is what we have been showing under the 24 Harmonic chart. This is the basis of what we have been forecasting on.

Following is the 24 Harmonic chart we have shown for many months.

The Jan 2 date was a big range day. It is trying to move through the Jupiter Price line (blue)



The next hits are April 10, 2019 and May 24th.

The 4 Year cycle



The above chart shows the 4 year (red). The last 4 year cycle trough was Feb 2016. The next 4 year cycle should be Dec 2019 +- 10 months or it was Dec 24, 2018. See the chart above.

From the last few posts:
“This coming year could see an increase in geophysical activity, both earthquakes and volcanos.”

See the link under “Earthquakes”. This is an application from the USGS. Geophysical activity has been picking up.

There has been a number of volcano’s erupting as well. Japan, Hawaii, Philippines, others.

On a longer term basis the following monthly chart of the DJIA  shows the 15 year cycle (red vertical lines) and the 45 year cycle (blue lines). The 15 year is due now or took place April – June 2018. The 45 year due in Sept 2019. This is another example of a longer-term cycle possibly distorting shorter term cycles. Bear in mind they need a broad orb.



Although we do not have enough data the 45 year cycle pointing to Sept 2022 this could also be the 90 year cycle. We do not have enough data to make the 90 year call. For a 90 year cycle I’m looking at 1842 – 1932 and then 2022.

The following daily chart of the SP500 shows 2 Envelope channels. Red is the centered 
20 week envelope channel. Blue is the centered 40 week envelope channel. The dark blue squares are the Sun / Neptune square which is often a short term change in trend.

We have had this noted it was due for a sell.  Also note the dark blue squares. They are the dates of the Mars square Uranus transit.



The red averages are based on the 20 week so they are shifted 10 weeks or a ½ cycle.

I brought up Iran on the last couple of posts. I’ll come back to those charts on any potential signs of conflict. It is getting close. Watch the news for problems with Iran.


Other

Other cycles and Astrological events are the 20 year cycle and heliocentric Jupiter in Sagittarius.

The vertical black lines are the 20 year cycle. Note the lows. It is due again near March 2022 but it needs a wide orb.

The blue x’s show when heliocentric Jupiter is in Sagittarius. This, most often, has the market moving up. The next chart shows both these items. The aspect Heliocentric Jupiter in Sagittarius came from MMA. And timing solutions.



Another cycle which will be coming up is the 65 week in the DJIA.




2019 Eclipses

See the previous blog post for more details on the eclipses.

Date                Eclipse                                   Saros Cycle               Sign

Jan 6, 2019     Solar Partial                            122                              15Cp25
Jan 21, 2019   Total Lunar                              134                              00Le51
July 2, 2019     Solar Total                               127                              10Cn37
July 16, 2019  Partial Lunar                           139                              24Cp4
Dec 26, 2019  Solar Annular                          132                              4Cp6

The Bradley Indicator
This stock index forecasting tool was designed by astrologer Donald Bradley and published in 1947 in a booklet titled "Stock Market Prediction".
On the cover this tool is called the Planetary Barometer and inside the booklet it is called a Siderograph. Now it is simply called "the Bradley". The

Bradley is meant to forecast major and minor turning-points (where a trend will reverse) in either the Dow Jones Industrial Average or SP500 indexes. Bradley's work was obviously on the DJIA.

It does not forecast or anticipate whether that turning-point will be a high or a low. It has no polarity. The Bradley may turn up while the DJIA turns down. The amplitude of the Bradley swing is also not important. It only finds periods where trend changes occur.
It should be understood Astrologers in decades gone by who had no computers, spreadsheets, or databases to analyze data typically worked with much smaller data sets than we do today. This maybe why the Bradley worked so well when it first came out in 1947 but now is somewhat unreliable. Now, it goes through periods where it works fairly well but then can stop operating for months at a time. Originally it was for geocentric astrology (Earth centered) but there are now heliocentric models (Sun centered) and others.

In Bradley's own words:
"At no time must the reader gain the impression that a siderograph, as such, is a prediction of what the stock market will actually do. Nevertheless, observation proves that basic reversals in collective attitudes, clearly predicted by the line, are inevitably mirrored in stock averages"

So if the Bradley only identifies trend changes, what are trend changes?
- a rising market changes to a falling market
- a rising market changes to sideways
- a sideways market starts going up
- a sideways market starts going down
- a market going down changes to a rising market
- a falling market starts going sideways

The red line is the Bradley Indicator.




Gold

I was looking for a short move down and it appears it started on Jan 31. I am now looking for a move up which may have started on Feb 14th.

On occasion the Primary cycle can extend away from it’s more normal 18 week length. I’m looking for a move in Gold and I’m expecting it next week. I’m looking for a move up.

Gold may be the best performing commodity in the first half of 2019.

I’m expecting a pull back and then up. The red vertical lines are a 27 cd (calendar day) cycle which is due Feb 21, 2019 +- 3 td’s. I am also looking at March 6 and 7 +- 3 td’s.



The following chart shows two daily envelope channels. The vertical red lines are a 20 day cycle.



The following chart shows a 27 cd (calendar day) cycle (blue vertical lines). The last being
Jan 28, 2019. The next is Feb 22, 2019.

The Moon takes 27 days to orbit the Earth and the Sun takes 27 days to revolve once at the Sun’s equator.

The red lines headed up are the Mars price lines. Gold had been moving up and have found both resistance and support at the Mars price line. The darker red Mars lines are the main aspect. Moving below the red Mars price line was bearish now we need to move above the red Mars price line as a positive sign for a move up in Gold. Gold may follow the red, Mars price line up. Watch closely.

The small blue x’s on the chart show when heliocentric Mercury is in Sagittarius. We often see changes in trend in Gold when Mercury enters heliocentric Sagittarius.

Looking at this whole chart it is based on a 24 harmonic. If you count each line from one darker red line to the next you will find there are 15 of them. 15 * 24 degrees = 360 degrees.



The following chart shows when Mars enters a new sign (red squares). It often affects Gold. Mars is in Aries and changes signs into Taurus on Feb 14, 2019. Note the sharp move up.
Watch for geophysical activity around this timeframe.



Crude

Oil is recovering from a strong move down. The low on Dec 24 may be the Primary cycle low and may turn out to be a larger cycle low.

Price broke through the 45 day sma and the 15 day sma.

On Jan 13 we had Jupiter square Neptune. Both are co-rulers of Pisces which rules crude amongst other things. As mentioned, this square will be seen off and on during 2019. Among other things this square can indicate a period where things get overdone including the price of crude. Watch the Fibonacci retracement levels for turning pints.



This puts us entering week 9th of the Primary cycle.

On the next chart note how price often follows the Sun price line up (green line) and often stops and reverses at the Sun price line or the Pluto price line (blue). We often get big range days.  The red vertical lines are the 40 cd (calendar day) lines. Crude price often bounce on a Pluto price line (blue) as well.

Watch the green Sun price line and see if crude follows that price line up and look for a potential turn down near the 40 day cycle.



And finally, a weekly chart of crude showing a 17 / 34 month cycle. Red vertical lines. The 17 month cycle chart is shown below. Note the Fibonacci retracement at 23.6% or 59.41.



Saturday, February 16, 2019

Financial Astrology - February 19, 2019



Our posts are now reported on the highly regarded FXStreet.com.

Summary

SP500. It is possible the recent low was the 4 year low on December 24, 2018 or it is still forming. The 4 year may be in front of us, perhaps near year end.

This does look like the Primary cycle low (18 week) on Dec 24.

Things may heat up the following weeks starting Feb 18th. Volatility should continue and longer term I’m expecting bigger moves and changes from 2020 through 2023.

If the current volatility continues watch for a cycle turn over the next 2- weeks.

See further down for the Jupiter square Neptune on January 13th.

Mars will become more prominent with a conjunction with Uranus and a change in sign for Mars which moves into Taurus. Mars will be in its detriment in Taurus. This follows Venus changing signs into Capricorn on Feb 3rd. Multiple changes in sign can result in a change in trend in the markets.

Emphasis has been placed on trade talks between the USA and China. These can mark short term direction for the markets. The real problem may be the broader world markets that have been slowing for some time. Jupiter square Neptune which we have mentioned numerous times may be the real problem as these planets in aspect can be quite inflationary. One of the reasons I’m looking at Gold here. Inflation coupled with large debt does not auger well for the months / years ahead. This may be pointing to serious financial problems late 2019 or 2020.

Gold We got the pullback in Gold. When the pullback is complete, and it maybe complete now, I’m looking for Gold to move up into mid-March. We should see a rise in Gold next week. Gold should still be the trade of 2019.

Crude's  Crude started up on Dec 24. This should be the Primary cycle trough and we are entering the 7th week of the Primary cycle. The pullback is over. A rally the week of Feb 19 is possible.

SP500
The Primary cycle trough was on Dec 24th. We are currently entering the 8th week of a new Primary cycle. The Primary cycle is approx.18 weeks and is typically composed of 3- 6 week cycles or 2-9 week cycles. This Primary cycle should see a turn down between Feb 18 and March 1st, +- 2 weeks.

The Price moving averages, the 15 day sma is just under price and above the 45 day sma. The 45 day (blue) is starting to circle up.

The recent move down to the Primary low was timing the 18-week Primary cycle and a 2 year cycle. The longer term cycles (2 year) can distort the shorter term cycles (18 week). As noted above we may be seeing the 4 year cycle low later in the year although it could have been at the Dec 24 low.

September 21, 2018 seems to be the crest of the last Primary cycle and may be the cycle high for the 4 year cycle.

The following dates may have significant moves or start of a move. The following aspects are for a reverse in trend or large range day.

Feb 14             Mars enters Taurus
                        Taurus is a fixed, Earth sign. Any conflict from the above may be subdued. Mars                          is in it’s detriment here.

Feb 18             Venus conjunct Saturn
                        Venus, amongst other things stands for currencies. With Saturn there may be                               some restriction. Possible reversal in market direction. Venus is strong here with                          aspects to Saturn then Pluto then Uranus in Capricorn. The second half of                                 February should see currency swings.

                        Sun enters Pisces
                        Watch for issues involving hospitals, homes for the aged, prisons, secret                                       societies.

Feb 19             Mercury/Neptune sextile Saturn
                        Emphasis on Neptune / Saturn from Jan 31, 2018. This can manifest as chronic                           conditions , the methodical attainment of plans with great pain-staking effort.
                        Neptune and Saturn are both in the signs of their rulership. Saturn rules                         Capricorn and Neptune rules Pisces. Pluto is also in Capricorn. Venus stands for                         money (currencies). I’m looking for volatility as Venus will be in aspect to Pluto                                   then Uranus

Feb 20             Sun semi square Saturn
                        Difficult struggles.

Feb 22             Venus conjunct Pluto
                        Watch for changes in crude / equity prices and currencies.. Watch for changes to                                     the banking system or other financial institutions.

Feb 26             Sun semi square Pluto
                        Sudden movement

March 1          Venus square Uranus
                        Sudden financial moves / movement in currencies.

The above aspects are for the next 2 weeks. A list of powerful outer planets aspects follows. They will be covered in detail as we approach them.

Any aspects, like those noted above are a minimum of 3 tds (trading days). Longer term aspects will be noted separately. The following list are planet aspects. There will also be Eclipses, Fixed stars, cycle charts and other Astrological items.

Longer Term Aspects

2019    Jupiter square Neptune

2020    Jupiter conjunct Saturn
            Jupiter conjunct Pluto
            Saturn conjunct Pluto

2021    Jupiter squared Uranus
            Saturn square Uranus

2022    Jupiter conjunct Neptune

Jupiter square Neptune will be with us for most of the year. Due to retrograde motion Jupiter will square Neptune 3 times. This combination can point to an increase in spending, inflation, currencies and potential debt problems and bankruptcies. This could be on and off all year. Neptune alone is about illusion and delusion. Jupiter can be very favorable but tends to overdoing things.

What will probably not be favorable for currencies will be Venus conjuncting both Saturn and Pluto and Uranus in the second half of February..



See the Bradley Indicator at the end of this section.
If the current volatility continues watch for a cycle turn during the next 2 weeks.

The following daily chart of the SP500 is what we have been showing under the 24 Harmonic chart. This is the basis of what we have been forecasting on.

Following is the 24 Harmonic chart we have shown for many months.

The Jan 2 date was a big range day. It is trying to move through the Jupiter Price line (blue)



The next hits are Feb 20, 2019 and April 10, 2019.

The 4 Year cycle



The above chart shows the 4 year (red). The last 4 year cycle trough was Feb 2016. The next 4 year cycle should be Dec 2019 +- 10 months or it was Dec 24, 2018. See the chart above.

From the last few posts:
“This coming year could see an increase in geophysical activity, both earthquakes and volcanos.”

See the link under “Earthquakes”. This is an application from the USGS. Geophysical activity has been picking up.

There has been a number of volcano’s erupting as well. Japan, Hawaii, Philippines, others.

On a longer term basis the following monthly chart of the DJIA  shows the 15 year cycle (red vertical lines) and the 45 year cycle (blue lines). The 15 year is due now or took place April – June 2018. The 45 year due in Sept 2019. This is another example of a longer-term cycle possibly distorting shorter term cycles. Bear in mind they need a broad orb.



Although we do not have enough data the 45 year cycle pointing to Sept 2022 this could also be the 90 year cycle. We do not have enough data to make the 90 year call. For a 90 year cycle I’m looking at 1842 – 1932 and then 2022.

The following daily chart of the SP500 shows 2 Envelope channels. Red is the centered 
20 week envelope channel. Blue is the centered 40 week envelope channel. The dark blue squares are the Sun / Neptune square which is often a short term change in trend.

We have had this noted it was due for a sell.  Also note the dark blue squares. They are the dates of the Mars square Uranus transit.



We are entering the difficult time mentioned over the last few months.

The red averages are based on the 20 week so they are shifted 10 weeks or a ½ cycle.

I brought up Iran on the last couple of posts. I’ll come back to those charts on any potential signs of conflict. It is getting close. Watch the news for problems with Iran.


Other

Other cycles and Astrological events are the 20 year cycle and heliocentric Jupiter in Sagittarius.

The vertical black lines are the 20 year cycle. Note the lows. It is due again near March 2022 but it needs a wide orb.

The blue x’s show when heliocentric Jupiter is in Sagittarius. This, most often, has the market moving up. The next chart shows both these items. The aspect Heliocentric Jupiter in Sagittarius came from MMA. And timing solutions.



2019 Eclipses

See the previous blog post for more details on the eclipses.

Date                Eclipse                                   Saros Cycle               Sign

Jan 6, 2019     Solar Partial                            122                              15Cp25
Jan 21, 2019   Total Lunar                              134                              00Le51
July 2, 2019     Solar Total                               127                              10Cn37
July 16, 2019  Partial Lunar                           139                              24Cp4
Dec 26, 2019  Solar Annular                          132                              4Cp6

The Bradley Indicator
This stock index forecasting tool was designed by astrologer Donald Bradley and published in 1947 in a booklet titled "Stock Market Prediction".
On the cover this tool is called the Planetary Barometer and inside the booklet it is called a Siderograph. Now it is simply called "the Bradley". The

Bradley is meant to forecast major and minor turning-points (where a trend will reverse) in either the Dow Jones Industrial Average or SP500 indexes. Bradley's work was obviously on the DJIA.

It does not forecast or anticipate whether that turning-point will be a high or a low. It has no polarity. The Bradley may turn up while the DJIA turns down. The amplitude of the Bradley swing is also not important. It only finds periods where trend changes occur.
It should be understood Astrologers in decades gone by who had no computers, spreadsheets, or databases to analyze data typically worked with much smaller data sets than we do today. This maybe why the Bradley worked so well when it first came out in 1947 but now is somewhat unreliable. Now, it goes through periods where it works fairly well but then can stop operating for months at a time. Originally it was for geocentric astrology (Earth centered) but there are now heliocentric models (Sun centered) and others.

In Bradley's own words:
"At no time must the reader gain the impression that a siderograph, as such, is a prediction of what the stock market will actually do. Nevertheless, observation proves that basic reversals in collective attitudes, clearly predicted by the line, are inevitably mirrored in stock averages"

So if the Bradley only identifies trend changes, what are trend changes?
- a rising market changes to a falling market
- a rising market changes to sideways
- a sideways market starts going up
- a sideways market starts going down
- a market going down changes to a rising market
- a falling market starts going sideways

The red line is the Bradley Indicator.




Gold

I was looking for a short move down and it appears it started on Jan 31. I am now looking for a move up which may have started on Feb 14th.

On occasion the Primary cycle can extend away from it’s more normal 18 week length. This appears to be the case and brings up a question. Was August 16, 2018 a Primary Cycle low. This is either incorrect labelling or this is a very right translated cycle. (Right translated  meaning the high is near the end of the cycle.

Gold may be the best performing commodity in the first half of 2019.

I’m expecting a pull back and then up. The red vertical lines are a 27 cd (calendar day) cycle which is due Feb 21, 2019 +- 3 td’s



The following chart shows two daily envelope channels. We may see a pullback near early in the week of Feb 4th. The vertical red lines are a 20 day cycle.



The following chart shows a 27 cd (calendar day) cycle (blue vertical lines). The last being
Jan 28, 2019. The next is Feb 22, 2019.

The Moon takes 27 days to orbit the Earth and the Sun takes 27 days to revolve once at the Sun’s equator.

The red lines headed up are the Mars price lines. Gold had been moving up and have found both resistance and support at the Mars price line. The darker red Mars lines are the main aspect. Moving below the red Mars price line was bearish now we need to move above the red Mars price line as a positive sign for a move up in Gold. Gold may follow the red, Mars price line up. Watch closely.

The small blue x’s on the chart show when heliocentric Mercury is in Sagittarius. We often see changes in trend in Gold when Mercury enters heliocentric Sagittarius.

Looking at this whole chart it is based on a 24 harmonic. If you count each line from one darker red line to the next you will find there are 15 of them. 15 * 24 degrees = 360 degrees.



The following chart shows when Mars enters a new sign.(red squares). It often affects Gold. Mars is in Aries and changes signs into Taurus on Feb 14, 2019.
This is just about 18 weeks so we may see a Primary cycle trough close to this date. Watch for geophysical activity around this timeframe.



Crude

Oil is recovering from a strong move down. The low on Dec 24 may be the Primary cycle low and may turn out to be a larger cycle low.

Price broke through the 45 day sma and the 15 day sma.

On Jan 13 we had Jupiter square Neptune. Both are co-rulers of Pisces which rules crude amongst other things. As mentioned, this square will be seen off and on during 2019. Among other things this square can indicate a period where things get overdone including the price of crude. Watch the Fibonacci retracement levels for turning pints.



This puts us entering week 7 of the Primary cycle.

On the next chart note how price often follows the Sun price line up (green line) and often stops and reverses at the Sun price line or the Pluto price line (blue). We often get big range days.  The red vertical lines are the 40 cd (calendar day) lines. Crude price often bounce on a Pluto price line (blue) as well.

Watch the green Sun price line and see if crude follows that price line up and look for a potential turn down near the 40 day cycle.


 And finally, a weekly chart of crude showing a 17 / 34 month cycle. Red vertical lines. The 17 month cycle chart is shown below. Note the Fibonacci retracement at 23.6% or 59.41.