Market Update May 3 2026

In my April 26, 2026 market update, I made the following statement:

The current cycle work continues to point toward April 27-28, 2026 as an important short-term timing window. Since the S&P has rallied into this period, the probability increases that the market is forming some type of short-term pivot high, followed by a pullback into the April 29/30 time frame.

The actual low was made on April 29, as shown in the chart below. This was not a random date. It was supported by both time and price geometry.

January 28 High to March 30 Low

The first price-time range I used was measured from the January 28 high to the March 30 low. That range covered 61 calendar days and approximately 685 S&P points.

By dividing both the time range and the price range by 8, the entire move can be divided into 64 squares. Each 1/8 division creates an energy point where the market can either pivot or accelerate. This is the basic idea behind squaring price and time.

The midpoint of that time range fell on April 29. That is one of the main reasons I was watching that date as a potential low, especially when combined with the Moon cycle and other time-cycle evidence.

On the price axis, each square measured roughly 85 points. With the S&P top level at 7002, the next important levels were approximately:

  • 7087 – first breakout/resistance level
  • 7172 – second level
  • 7257 – third level

The S&P reached 7272 on May 1, about 15 points above the third level, and then quickly retreated. This gave us another important clue that May 1 could be forming a short-term pivot high.

February 25 High to March 30 Low

There was also a second price-time range that supported May 1 as a market reversal point. This range was measured from the February 25 high to the March 30 low. It covered 33 calendar days and approximately 636 S&P points.

When that range is divided into 64 squares, each price division is approximately 80 points. The important price levels were:

  • 7033
  • 7113
  • 7273

The third breakout level was 7273, and the market high on Friday, May 1 was 7272. That is almost an exact hit. In my view, this is strong evidence that price and time were being squared out together.

This second square also ended on May 1. In Gann terminology, this is often referred to as squaring the range. When both price and time complete together, the market often reaches a reversal point.

The working expectation from this square is that the market should reverse lower from the May 1 high and move toward the next square date around May 6. The fact that an inverted hammer formed on May 1 adds to the evidence that a short-term high may have formed.

Two Price-Time Squares Supporting the Same Date

We now have two major price-time ranges supporting each other. The larger square pointed to the April 29 low and the May 1 energy point. The smaller square ended directly on May 1 and also identified the 7272-7273 level as important resistance.

Going forward, these squares can be shifted into the future. The smaller range that ended on May 1 will create the next price-time range from May 1 to June 4. This process can continue indefinitely as each completed square becomes the starting point for the next projection.

May 4 Time-Cycle Evidence

May 4 also contains several important cycle relationships.

First, May 4 is 144 calendar days from the December 11, 2025 price high. The number 144 is a major time-cycle number.

Second, May 4 is approximately 82 days from the February 11, 2026 high. That equals roughly three sidereal Moon cycles. This gives May 4 additional importance as a possible reversal point.

Moon Perigee and Price Longitude

On May 4, the Moon is also at apogee. A Moon apogee date often acts as a pressure point in market timing work and can coincide with a change in price action.

The May 1 high of 7272 can also be converted into longitude as 72.72 degrees. Since longitude represents time in this method, moving the Moon forward approximately 72 degrees from May 1 projects to May 7. That suggests May 7 could be an important low or rally point.

Price Converted to Time

Another way to examine the May 1 high is to treat 7272 as minutes. Since there are 1440 minutes in one day, 7272 minutes equals approximately 5 days. Counting forward 5 days from May 1 brings us to May 6, which also matches the next pivot square.

The March 30 low at 6316 can also be converted into a time measurement. If we multiply 6316 by 4, we get 25,264 minutes. Dividing that by 1440 minutes in a day gives 17.54 days. Two cycles of 17.54 days equals approximately 35 days. Counting forward 35 days from March 30 projects to May 4, again identifying May 4 as a reversal point.

Venus Longitude Projection

The March 30 low at 6316 can also be reduced to approximately 63 degrees. Adding 63 degrees to the longitude of Venus from the March 30 low projects forward to approximately May 8.

In addition, the May 1 high at 7272 can be converted to approximately 72 degrees. On the zodiac chart, that price-converted longitude aligns closely with Venus. A conjunction between price-converted longitude and a planetary longitude often marks a reversal in this type of market work.


Square of 9 Time Chart

The Square of 9 time chart also showed multiple hits on May 1. These hits appeared on both the cardinal cross and the 45-degree diagonal lines. These calendar dates are projected from prior pivot points as defined by the software.

This gives May 1 another layer of timing evidence and supports the conclusion that the market reached an important short-term pivot point.

Planetary Cycle

The planetary cycle work continues to support the same general timing window. When several independent methods point to the same date or small cluster of dates, that time period becomes more important.

At this point, the strongest timing evidence is focused on the May 1 through May 8 window, with May 4, May 6, May 7, and May 8 standing out as key dates to watch.

In summary, the evidence suggests that May 1, 2026 may have marked a short-term pivot high. The next downside timing window appears to center around May 6-8, where the market could form another short-term low and begin to rally again.

Lastly, the chart below shows another important piece of timing evidence. The longitudinal speed of the Moon’s North Node changes on May 1, adding one more confirmation that this date should be treated as an important short-term reversal point.

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