US stock markets have been fairly flat in July, neither breaking down nor breaking out to the upside. The current lunar green period will end Wednesday. So far it looks like a rather weak green period, but we have a few more days to go. The upcoming red period will contain a supermoon. Over the… Continue reading Setting up for an August peak
Category: Financial Astrology
At the breaking point
US markets tried to rally last week, but didn’t succeed to print new highs, with the exception of the Dow Industrials. The market appears heavy, but hasn’t really broken down yet, so a further grind to marginally higher highs is still possible. Let’s have a look at the S&P 500 (click for larger image): The… Continue reading At the breaking point
Chances for another high
US markets dipped last week, but recovered some ground already on Friday. Our LT wave chart for July indicated a bottom for the 11th, looks like it missed by a day. We are about to enter another lunar green period. Can this market climb to new highs once again? Let’s have a look at the… Continue reading Chances for another high
Déjà vu in the S&P 500
Stock markets seem unstoppable. The Dow has broken above 17000 and the S&P 500 is closing in on the 2000 level, completely in line with the S&P scenario we posted two weeks ago. The market setup is now a carbon copy of the one we had in late December (click for larger image): Overhead resistance… Continue reading Déjà vu in the S&P 500
LT wave for July
Last month’s LT wave chart suggested weakness in stock markets. That didn’t pan out for the US indexes, but still the wave got most of the short term swings correct. I have embedded a S&P 500 chart for June, making it easier to see (click for larger image): The blue line did a fairly good… Continue reading LT wave for July
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