The September Storm

https://ganninsides.com/2024/08/30/navigating-the-market-key-support-levels-and-cycle-date/

“September has opened on a bearish note for financial markets, as anticipated. As I’ve previously mentioned, I expected a significant market reversal starting around September 2nd in Indian markets and September 3rd in U.S. indices. This week’s market decline, following the major cycle resistance on the time front, aligns with these predictions. If our calculations are accurate, this week’s downturn is just a precursor to a more substantial market decline. While the road ahead may be volatile, the overall implications remain bearish.”

So “Let’s cut to the chase and discuss the levels.”

NIFTY

https://ganninsides.com/2024/09/05/niftys-recent-gann-cycle-date-and-outlook/

“A breach of the 25,000 level on the Nifty 50, coupled with a surge in the INDIA VIX to 15.2, indicates a potential technical breakdown. Near-term price targets for this breakdown are estimated at 24,755 and 24,522. If the index consistently closes below these levels, it could signal a more pronounced decline, potentially reaching 24,200 or lower without a significant rebound.”

“To trigger a sustained decline, a multi-pattern breakdown on weekly charts would be essential. Currently, the Square of 9 support for NIFTY is at 24,320, and the Hexagon Pattern support is at 24,020. Therefore, NIFTY would need to close below 24,020 on a weekly basis to initiate a multi-pattern breakdown. To reverse the underlying bullish trend that has been in place since October 2023, NIFTY will need to break below these support levels. Failure to do so would maintain the current trend.  I discussed this in early August as well. At that time, the index narrowly avoided a breakdown on its weekly charts, and the subsequent events are well-documented in recent history.”

On TIME front Critical cycle dates for Indian and GLOBAL MARKETS would be on September 13 19 20 and 24

S&P;500

https://ganninsides.com/2024/08/25/market-setup-and-outlook-for-next-week/

“The S&P 500 has been quite intriguing. In my August 25th post, I mentioned a potential resistance level at 5675. The index approached this level closely before turning sharply lower on its critical cycle date of September 3rd. It’s encouraging that it didn’t break above its previous high.”

“Initially, I didn’t anticipate a new high for the S&P and Nasdaq. However, as the indices approached that level, my team and I, as analysts, had to consider alternative scenarios. Interestingly, the alternative path we identified also resolved to the downside after a brief upward surge. A key factor influencing our analysis was our close study of time cycles. These cycles indicated a significant trend change on July 11, which aligned with the S&P reaching its peak on that date.”

Based on our analysis of historical market data, we identified two significant low points: October 13, 2022 (3492) and October 27, 2023 (4103). By applying a proprietary mathematical model that considers both temporal and cyclical patterns, we were able to predict a key turning point on July 11.
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Give it a try if you are a gann student.”

“Now that the index has rolled over from a lower high, our obvious downside target would be its August low of 5119 in the next few days. Expect increased volatility starting from September 11th, but eventually, the market will likely drift lower. Utilize sharp pullbacks to sell.”

YEN

“USDJPY is poised to break below its August low, which could further fuel market sell-offs. My previous target of 135 remains unchanged, as outlined in my August 25 post.”

“Given the expected market downturn, now is the time to reassess your investment strategy. Consider diversifying your portfolio and potentially scaling back on riskier assets. Stay informed and prepared for the challenges ahead.”