Markets continue to record new highs and the S&P 500 seems to have broken the resistance near the 2400 level. I didn’t see too many “sell in May” tweets, probably because that strategy failed last year, but that doesn’t tell us anything for this year. I would just ride this rally as long as it… Continue reading LT wave for June
Category: Financial Astrology
The bitcoin boom
Stocks keep trading with a positive bias and major indexes are reaching new all time highs. Our LT wave for May suggests some weakness is up next. We will find out soon. Here is the current S&P chart: The S&P exceeded its March 1 high yesterday, but it didn’t manage to stay above the 2400… Continue reading The bitcoin boom
LT wave for May
The Nasdaq has climbed to new record highs while the S&P 500 keeps sitting just below its March 1 highs. The Nasdaq gained 243 points in the recent lunar green period, making it the best green period since October. Let’s take a look at the current Nasdaq chart: The sideways pause that started in March… Continue reading LT wave for May
LT wave for April
Markets had a good week and the Nasdaq is close to new all time highs already. The S&P 500 has been a bit weaker. The recent lunar green period has ended with a 14 point gain for Nasdaq. Not a big gain, but the lunar cycle seems to be getting back to its normal rhythm… Continue reading LT wave for April
SKEW is high again
Stocks have been pulling back a bit in recent weeks, but so far it seems to be the “short and shallow” variant as described in my most recent post. The Nasdaq has easily held above 5800 and is already pushing back towards its recent highs. This means the scenario for a further 5% surge before… Continue reading SKEW is high again
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