A few years ago I used the 666 day and 666 week cycles to point to December 2021 as a potential major market peak. You can still find that article here: The Feigenbaum cycle.
The S&P 500 index eventually peaked out at 4818.62 on January 4, 2022. The forecast was not perfect, but surprisingly close, given the long duration of a 666 week cycle. I want to use this little article to show how the fun continued and what could be next.
The S&P 500 dropped to a low of 3491.58 on October 13, 2022. First things first, simple math shows us the decline was 1327.04 points (4818.62 – 3491.58), which is almost exactly 666 x 2.
The duration of the decline was 9 months and 9 days (remember the importance of numbers 3, 6 and 9, which was pointed out by folks like W.D. Gann and Nikolai Tesla). It was also 282 days (2+8+2 = 12 = 3). Nice how that “works”, isn’t it? And it is of course 40 weeks. Most ancient traditions point to 40 (days, weeks, years…) as a very important number, you can make or take what you want from that.
Now, if we add 9 month and 9 days to October 13, 2022 then we find July 22, 2023. That means that, this week, we will exactly balance out the decline that preceded the current bull market, at least from the perspective of time duration. I will not predict that this means the current rally must end or pause at this point. But when a time period repeats it doesn’t hurt to keep your eyes open with that information in mind.
We have two main scenarios at this point. Scenario 1 is that we are on the way to new all time highs already and we will get to new record highs before we may revisit the 2022 low (if ever). In that case I would expect the next major peak to come in at least 666 x 2 above the current all time high. So that would be 4818.62 + 1332 = 6150 or higher.
Scenario 2 is that we dip below the 2022 lows before the market gets to new highs. We don’t know from what level such a second bear market would start, but it could come as a 666 x 3, or 2000 points drop. If we are at the high right now (4555), then that would mean a drop to 2555, which would put it in the neighborhood of the 2018 and 2020 panic lows.
This are not the only possibilities. A double top could form too, but double tops are quite rare, so I would not consider that until there is more reason to do so.
Other interesting dates you can already mark in your calendar are November 1, 2023 (666 days after the January 2022 record high) and August 9, 2024 (666 days after the October 2022 low).