By: Jeff Cooper

Hit and Run Trading Morning Report - March 5, 2024

Square-Out Cycle Exerts Its Downside Influence

Last month we wrote about war cycles for the U.S.

Further highlighting the setup is that the 3 most outer planets, Uranus, Neptune and Pluto ingress with the respective signs they individually were in at the start of the Revolutionary War, the Civil War and WW2.

Between 2023 and 2025 these 3 planets all together enter into the same signs they entered individually at the start of those conflicts.

One might say it’s a Cosmic Cube.

May is in focus as Israel came into being in May 1948.

That was 76 years ago.

Importantly, 76 squares April 8th, the second Great American Eclipse.

It passes over 7 cities in the U.S. with the name Nineveh, the ancient capital of the Assyrian destroyed in 612. B.C.

Likewise the first Great American Eclipse on August 21, 2017 passed over 7 cities named Salem (as in JeruSALEM).

Maybe something maybe nothing, but 76 aligns with 94.5 on the Square of 9.

April will be 94 ½ years from the October 1929 crash.

Is there something that’s going to happen in the mid-East in April?

Nineveh was a large pagan city that Jonah was sent by God to warn the populace to repent.

Jonah is referred to on page 69 in Gann’s novel The Tunnel Thru The Air.

Gann says on pg 69 that he has found the key to foretell the future.

On that page it refers to Jonah in the belly of the whale for 3 days and 3 nights just as Jesus was in the heart of the earth for 3 days and 3 nights.

In the Hebrew tradition of the new moons disappearance and reappearance it is gone for exactly three days and nights (otherwise why mention ‘nights’ which is when we see the moon).

3 days and 3 nights also relates to 3 +3 is 6.

And 3 X 3 is 9.

Gann talks about this on page 69.

69 is the symbol for the Zodiac sign of Cancer, the only sign ruled by the Moon.

April is the first lunation following Gann’s Zero Point, the natural start of the year on the Vernal Equinox, March 21th.

So in that respect, what happens in April is like the Opening Range Breakout of the year.

I believe what happens this April is going to be critical to the path the market takes over the next years.

We have a New Moon on March 10th. Friday is March 8th. It should see a conspicuous change in direction or acceleration.

If this year vibrates in some way with 1929 then I hypothesized that the 386 DJIA price high that year

may square-out with an important time zone.

As it happens 386 squares mid-April.

IF and I mean IF Monday sticks as a high, then it is notable that Gann’s Panic Zone of 49-55 days centers on mid-April.

Alternatively I think there is a strong likelihood that the SPX shakes out to the 50 day line followed by one last run for the roses into the first week of April.

Long time members are familiar with the fact that April 19 (+ or -) is considered a day of significance historically.

April 30, 1789 was the inauguration of George Washington.

The start of the Civil War was April 12, 1861.

The Assassination of Lincoln was April 14th, 196.
FDR announced the U.S. will leave the gold standard on April 19, 1933.

Start of Spanish-American War April 26, 1898.

Bay of Pigs invasion, April 17-19, 1961.

End of Vietnam War, April 20, 1975

The Titanic sunk on April 15, 1912.

The Great San Francisco Earthquake, April 18, 1906

The birth of Rome is dated as April 21, 753 B.C.

 Why is this time frame unique? And what does it have to do with markets?

Again it is unique because the first month of the natural year starting on the Spring Equinox ends on April 19/20th.

It represents the Opening Range of the year.

This is the first 30 days of the natural year, just as the first 30 minutes of the day defines an ORB (Opening Range Breakout).

Notice how many of the above events have to do with war.

There are many indications of war currently that could “break out.”

Monday looks like a high of some degree, whether that be for a sharp shakeout or something more pernicious.

IWM left a Gilligan sell signal---a gap up to a new 60 day high with a close at/near session lows.

The high close for the move of 205.89 squares Friday March 1sth (typo on chart).

Yesterday IWM left a Gilligan sell signal closing below Friday’s square-out.

90* down from Monday’s high is the 193 region.

Notice that this 193 region bisects a Ghost Line from the prior February high this week.

Breakage below 202.50 ish in the Truth Teller opens the door to 193.

Monday’s SPX high of 5150 is also a candidate for a meaningful top.

515 (5150) squares-out with January 4th  (good eye Greg) the high of what I surmised may be an A Wave high in 2022.

Following a minor 5 waves up from February 28th in the context of the big picture charts from 2000 we showed yesterday.

The SPX left a Lizard sell signal with an outside down hour going into the bell.

In addition, NVDA squared out with its 746 pre-earning’s high.

Specifically, 860 is 360 degrees up from 746.

It didn’t look like NVDA would close below 860 as when I point this out, NVDA was trading at 876.

Be that as it may NVDA sold off hard in the last hour to close at 852.37.

In so doing, NVDA left a Lizard sell (10 day Topping Tail) and a Gilligan sell signal.

If NVDA closes the open gap from Monday at 824 on a sustained basis it will trigger a Jump The Creek sell signal.

If the Emperor, Nividia, stumbles, the market will trip