The Nasdaq ended the recent lunar red period with a massive 323 point gain, one of the strongest red periods ever. In the recent months the market has been going counter to what we normally see in green and red periods, but somehow our LT wave keeps doing very well. This is very interesting as… Continue reading LT wave for March
Tag: lunar cycles
Market on the edge
Stocks turned down again last week, nicely in line with the LT wave chart for February. The reversal levels stay “double red” for most world markets, and the general mood is becoming really depressed. The Nasdaq chart shows that we are reaching a critical point: The Earl2 indicator (orange line) keeps pointing up. But the… Continue reading Market on the edge
LT wave for January
The last trading days of the year are showing a light upward bias, as they typically do. It is usually hard to read something in days with very light trading, so we will probably have to wait for next week to see where stocks are going next. Let’s have a look at the Nasdaq chart… Continue reading LT wave for January
Waiting for a breakout
A few weeks ago I called for the S&P 500 to go sideways in the 2000-2100 range for several weeks. That’s what we are getting, but how much longer can it continue? Not very long I think. Let’s have a look at the chart (click image to enlarge it): The S&P is back within a… Continue reading Waiting for a breakout
LT wave for December
US stocks barely moved last week. I had suggested a sideways period is starting and that’s what we are seeing. How much longer will it continue? Let’s have a look at the Nasdaq chart (click image to enlarge it): The market is hesitating just below the overhead resistance of this summer’s all time highs. The… Continue reading LT wave for December
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