Red Letter Dates for ES and GC

What we have all been trying to foresee…could it be this simple?

Doing some daily chart analysis, I began to plot where trendlines were converging on both ES and gold. Would you know it; they seemed to align inversely.

Interestingly enough, Inauguration day, Wednesday, January 20th started to show as one potential date in the short term for a drop.

Even more fascinating: Monday, March 22nd showed up in the longer term. This coincides with many people’s March predictions for when the market is to turn sour. Is this the next Black Monday?

Adding some of my retracing in combination with the trendlines, you can see my estimates of potential bounce points.

Any input or thoughts would be appreciated.

-Fib