Markets were off to the races last week, with several indexes jumping to new high territory. We expected a bit more downside action, based on our lunar phases and the technical picture, but that couldn’t have been more wrong. This suggests the path of least resistance remains to the upside. So where do we go… Continue reading Up it is
Tag: lunar cycles
Correction is not over
Markets took a serious dip last week and rebounded equally quickly on the back of political noise. I prefer not to listen to the news too much, because one day it worries investors only to elate them the next, each time putting them on the wrong foot. That’s why I rarely every comment on news… Continue reading Correction is not over
A time to push higher
Stock markets are consolidating recent gains and remain near their highs for the year. With another week of lunar green period to go, this is the time to push higher if the market is inclined to do so. The situation is quite clear on the Nasdaq chart (click for larger image): The market has come… Continue reading A time to push higher
Continued strength
Markets have continued to march higher and we just finished an exceptionally strong lunar red period, which saw the Nasdaq gain 115 points. This is a sign of strength and generally points to even higher stock prices in the months ahead. Taking a look at the chart for S&P 500 (click for larger image): The… Continue reading Continued strength
What to make of those new highs?
Markets pushed higher last week and many market indices reached new highs. Our LT wave chart for September indicated strength around the 16th, so yesterday may have been the high for the month. Where do we go from here? Let’s have a look at the Nasdaq chart (click for larger image): We have another week… Continue reading What to make of those new highs?
LunaticTrader Blog 