The market kept climbing last week and didn’t stop for any of the resistance levels we had expected. It’s also not bothering about the current lunar red period. What’s going on? Maybe we are seeing the first positive red period in almost a year. And that would be an indication that the market is starting… Continue reading Bitcoin wakes up
Tag: lunar cycles
Overhead resistance
Stocks climbed nicely last week, in line with the lunar green period and the favorable setup in my indicators. We have another week of lunar green to go, but the question becomes: how much is left in the tank here? Let’s have a look at the S&P 500 (click image to enlarge it): We have… Continue reading Overhead resistance
LT wave for October
Markets declined into the end of the lunar red period and have started to rebound with the new green period. The August lows have held, so this could mark the end of the recent correction. Let’s have a look at the Nasdaq chart (click image to enlarge it): The Nasdaq appears ready to climb towards… Continue reading LT wave for October
A low for the Dow
Stocks pulled back again last week. But the decline is orderly and with only a few more lunar red period days to go we can start looking for a possible buying opportunity. Let’s have our weekly look at the S&P 500 chart (click image to enlarge it): The 1900 level was major support/resistance throughout 2014… Continue reading A low for the Dow
Has oil bottomed?
The new lunar red period has started with fresh selling pressure in stocks and the weekly reversal levels stay in bearish trend for most markets. It looks like our LT wave for September is panning out quite well, but there is still more than a week to go so we can’t take anything for granted.… Continue reading Has oil bottomed?
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