The SP 500 got up to the 13day sma today and hit the other indicator I mentioned yesterday. (it often acts as a trend indicator-creating the resumption of the prevailing trend.) The 20 day ema crossed another indicator which preceded the final spike down late last August.
I expect a drop into the end of the month now for a full month downtrend. There is a Fed meeting on May 1st.
The SP 500 bounced up to its other key resistance at the 50day ema which also provided key resistance during another historic time. It barely missed tagging another key indicator. The Dow and the $nya have surpassed those targets while the Nasdaq is lagging the most in this rally.
I would guess that $nymo has hit the zero line or surpassed it.
It probably continues to bounce up tomorrow into the full moon. Up to the 20 day Ema and the 13 day simple moving averages (which are the same thing now) as well as other key indicators. The full moon will be involved with the Sun Pluto square which occurs after the market is closed.
The market is going to have to survive the first 2 days of the next week. The full moon is going to be opposed to all those entities conjoined in Aries as well as the Sun squared to Pluto in Aquarius.
I did a check of the Tulip Bubble astro in Feb 1637 and the Sun was square Pluto in the same signs but the Sun and Pluto were reversed.
I’m extending the low to the end of the month now. Maybe the SP500 bounces off the 100 day average back to the 50 day average. The Nasdaq is already below its 100 day average.
The 13 day simple average had been providing resistance so that should cap any rally for now. The 20 day ema would be the next layer of resistance. The market is stretched from both now.
Monday has the worst astrology seen in a while with the Sun squaring Pluto along with all the other stuff.
It was a strange day with breadth so strong and markets down. We never got a bounce back to the 50 day average and now the indices are getting oversold.
The Dow and $nya led the way down and have been consolidating the last few days. My expectation was for the market to bottom on Friday next week. Since the SP500 hasn’t hit the 100 day average yet (Dow has), I’ll stick with that.
Maybe we get a stong bounce to the 50 day and a final washout drop into Friday. I still haven’t seen any moving average crossovers of certain indicators that wpuld indicate an imminent bottom.
I have sell signals galore now. The strongest one (and confirming) occurred on Friday with a certain indicator breaking to new lows. The question now is, will the 100 day average stop the decline or the 200 day average?
The SP 500 got up to the 13day sma today and hit the other indicator I mentioned yesterday. (it often acts as a trend indicator-creating the resumption of the prevailing trend.) The 20 day ema crossed another indicator which preceded the final spike down late last August.
I expect a drop into the end of the month now for a full month downtrend. There is a Fed meeting on May 1st.
The SP 500 bounced up to its other key resistance at the 50day ema which also provided key resistance during another historic time. It barely missed tagging another key indicator. The Dow and the $nya have surpassed those targets while the Nasdaq is lagging the most in this rally.
I would guess that $nymo has hit the zero line or surpassed it.
It probably continues to bounce up tomorrow into the full moon. Up to the 20 day Ema and the 13 day simple moving averages (which are the same thing now) as well as other key indicators. The full moon will be involved with the Sun Pluto square which occurs after the market is closed.
The market is going to have to survive the first 2 days of the next week. The full moon is going to be opposed to all those entities conjoined in Aries as well as the Sun squared to Pluto in Aquarius.
I did a check of the Tulip Bubble astro in Feb 1637 and the Sun was square Pluto in the same signs but the Sun and Pluto were reversed.
I’m extending the low to the end of the month now. Maybe the SP500 bounces off the 100 day average back to the 50 day average. The Nasdaq is already below its 100 day average.
The 13 day simple average had been providing resistance so that should cap any rally for now. The 20 day ema would be the next layer of resistance. The market is stretched from both now.
Monday has the worst astrology seen in a while with the Sun squaring Pluto along with all the other stuff.
It was a strange day with breadth so strong and markets down. We never got a bounce back to the 50 day average and now the indices are getting oversold.
The Dow and $nya led the way down and have been consolidating the last few days. My expectation was for the market to bottom on Friday next week. Since the SP500 hasn’t hit the 100 day average yet (Dow has), I’ll stick with that.
Maybe we get a stong bounce to the 50 day and a final washout drop into Friday. I still haven’t seen any moving average crossovers of certain indicators that wpuld indicate an imminent bottom.
How is the market supposed to trust the Bureau of Liars of Statistics? https://twitter.com/biancoresearch/status/1780941852662739395
I have sell signals galore now. The strongest one (and confirming) occurred on Friday with a certain indicator breaking to new lows. The question now is, will the 100 day average stop the decline or the 200 day average?
Thank-you Red for the time that you spend trying to get a fix on things; difficult market for sure!
Is that West Virginia?