LunaticTrader

Investing with the Moon

  • Enter your email address to subscribe to this blog and receive notifications of new posts by email.

    Join 922 other subscribers
  • Archives

  • Categories

  • Tags

    $EURUSD 1920s Bitcoin bonds Brazil Brexit China crash Crude Oil DAX Dow 32000 Dow Jones Industrial Average Earl Eclipse Euro financial astrology FTSE 100 Index gold Greece Hong Kong iceberg key levels long term LT wave lunar cycle lunar cycles mania Market trend method MoM monthly Nasdaq Nikkei oil Oil Prices outlook QE Quantitative easing reversal levels S&P 500 SKEW solar cycle stock market stocks strategy Sunspot Technical analysis TLT VIX weekly

Outlook 12 September

Posted by Dan on September 12, 2011

Downside pressure in the market has continued, but we remain well above the recent lows.
As long as we hold above the August lows things look OK and a good base is being built from which a next advance could start.

Here is the updated chart for the S&P 500 (click for larger image):

S&P

Lunar Red Period will end later this week, so we can start looking for a possible bottom. Important support levels remain near 1100 and then 1040.
My EARL momentum indicator is not in bottom territory yet, but could get there by next week.
So, get ready, but don’t hurry. For longer term buying I prefer to wait until we see strength in a lunar Red Period, and we are not there yet.
It would be a first positive indication if the S&P stays above the August lows, because then we can start a new pattern of higher highs and higher lows.

Stay tuned, Danny

Post a comment (disagreement also welcome):

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

 
%d bloggers like this: