United Health shocks the market
#241 An update on United Health & the US Indices: Nasdaq, S&P500 and DJIA.
Yesterday, United Health Group shocked the market with a 7.17% downturn, according to Barron’s “based on a report that said the Justice Department had launched a civil fraud investigation into the company’s Medicare billing practices.”
I always wonder about the real cause, as the chart below shows that for several months, the stock was already on a planetary foldback. Hence, this should not have come as a surprise.
The April 2024 low in UNH was on Venus at 8 degrees just a few days after the Solar Eclipse. Yesterday, UNH returned to the low of April 2024 as Venus hit 8 degrees again. This filled the gap that was left in April 2024. The next Solar Eclipse is at the same Mercury 202 degree Helio, which may become a second low. This aligns with the foldback originating from the October 2024 Solar Eclipse. Hence, it seems that the Venus, Mercury, and eclipses cycle may have triggered the inflection points and are the ‘real’ cause for the downfall since October 2024.
👉 For premium subscribers, I will demonstrate the most likely dominant cycle in UNH and when this cycle may have run its course based on squaring an important low.
👉 Foldback scenarios may cease functioning at some point, but after reviewing the monthly chart, I do not think United Health will return to its all-time high very soon. The active dominant cycle may continue to hold UNH sideways and further down for a considerable time.
By the way, the foldback scenario in UNH is similar to the one that I showed my premium readers a while ago on the DJIA. I have updated that chart in this week’s wrap-up.
In today’s post, I will review the longer-term forecast for United Health and the US Indices, focusing on the most likely dominant cycles currently active.