Tony Caldaro (link): The decline from last weeks Intermediate wave B at SPX 1393 clearly
looks like Intermediate wave C. Thus far, we have had a three wave
decline to SPX 1370, which we labeled Minor A. Then a rally to SPX 1387,
which we labeled Minor B. Minor C is underway now. As soon as the OEW
1363 pivot range, (1356-1370), fails, the steep part of this declining
wave should be underway. We continue to look for a correction low
between SPX 1300 and 1340, and ideally between 1313 and 1327. Short term
support is at the 1363 pivot and SPX 1340, with resistance at the 1372
and 1386 pivots. Short term momentum is nearly back to neutral after
getting extremely oversold.
Francis Bussiere (link): Moon in Capricorn Low near Monday the 23rd?
Moon 20 degree High near Wednesday the 25th?
Moon in Taurus Low near Monday the 30th?
Moon in Leo High near Monday the 6th?
Moon 20 degree High near Wednesday the 25th?
Moon in Taurus Low near Monday the 30th?
Moon in Leo High near Monday the 6th?
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| The dual Moon cycles work best from May to October when they are in phase, and historically this is the weakest period in the market. |