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

Holding up well

Posted by Dan on May 2, 2012

Our lunar Red period has started, but the market is holding up pretty well so far.
This suggests the market is trying for a double top with the March highs. We could very well get there later in May, but I think we will see some more hesitation before the Nasdaq gets back above 3100.
Let’s take a look at the current chart (click for larger image):


A new trendline can be drawn based on the recent lows near 2950.
I think the Nasdaq will touch 3000 before going to 3100 to make a double top.
Looking for a sideways summer.

Good luck, Danny

Post a comment (disagreement also welcome):

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

You are commenting using your 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: