Markets did not break down in the second week of our lunar Red period, and even recorded new highs. This is a sign of ongoing strength. What does that mean going forward? Let’s have a look at the chart for the Nasdaq (click for larger image): The market has closed right near the overhead resistance.… Continue reading Solar Flares
Tag: Solar flare
Watching solar activity
Volatility has increased last week, but stocks continue to look on the upside. With a new lunar green period now underway, the market is set to challenge for new highs again. Here is the current chart for the Nasdaq (click for larger image): Notice the similarity with the market setup we had in early 2012… Continue reading Watching solar activity
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