No sell off yesterday but instead a non-stop squeeze. I don't think the low is in but at this point it's looking like they plan on hitting the FP on the SPY at 486.86 before the next pullback happens. I really thought that FP would be hit in early April but I guess I was wrong? We did hit the 200 day SMA yesterday, so on the short term we should see a pullback from it. While I'd love to see it turn into a big dump most likely it won't be, and instead will just be a typical 38.2% retrace from the entire move up from Fridays low. At this point the only thing that could bring this market down hard is some "event" to trigger a big flush.
Have a blessed day.
The Nasdaq got up to the 200 day average today.
It’s also 8 trading days up following 16 trading days down from 2-19, a 50% retrace in time.
Venus Sun conjunction occurred on 3-23. In August 2015, the big plunge occurred a couple days right after that conjunction. It might push things out into next week. There are some 25 year anniversary cycles around here as well. (Nasdaq top) And I rediscovered the 25 year cycle which is probably the big impetus for the bear. (1907-1932-1974-early 2000. Even goes back to 1857)
The 24th has formed the low in these monthly cycles going back to August 2015 but the worst astro is yet to come. Is it forming a stealth high instead? August 2015 interestingly has the same calendar setup as March 2025.