Watch the 3000 level

We saw clear weakness in the stock markets last week, and the Nasdaq seems on its way to the 3000 level, as we suggested in this blog a few weeks ago.
We remain in a lunar Green period for most of this week, so I think we will now see some rebound attempt.
Here is the current Nasdaq chart (click for larger image):


We are down 5% from the recent September highs.
I think we will see a bounce this week, possibly taking us back up to 3100. And that would set the stage for another swing down in the upcoming lunar Red period.
Important support can be expected near the 3000 level, and if that level gets broken then 2750 would become the next downside target. So, that’s an important level to watch in the Nasdaq.

Stay tuned, Danny

By Dan

Author of LunaticTrader and Reversal Levels method. Stock market forecasts based on proprietary indicators, seasonal patterns and moon cycles.


  1. Hi Danny
    You say we are in the green period for most of this week

    I am confused
    I thought the Red period ran from New moon to Full moon and the green period from Full moon to New moon.

    1. Hi Bob,

      See our website for more details about the Green and Red periods we use:

      Our software program calculates the periods exactly, but generally the Green Period runs from 3 days after Full Moon until 3 days after New Moon. Historically this has given a significantly better return than buying on Full Moon and selling on New Moon.

      Hope this helps.


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