The 04/13/22 blog “Short – Term Bottom Forecast” illustrated a potential Fibonacci time cycle turn due late in the S&P 500 (SPX) 04/14/22 trading session. Fibonacci time cycles forecast market turns, not tops or bottoms. Market action going into the time cycle determines tops or bottoms. The SPX was declining into the 04/14/22 Fibonacci time cycle and is presumed to be a bottom. The same concept is true for Lunar time cycles.
The daily SPX chart courtesy of Trading View illustrates the Full and New Moons since November 2021.
I’m using plus or minus two trading days from a Full or New Moon as leeway for effective Lunar turn signals.
The following are the effective turns.
SPX turn Lunar phase
11/22/21 Full – 11/19/21
12/03/21 New – 12/03/21
12/20/21 Full – 12/18/21 – Saturday
01/04/22 New – 01/02/22 – Sunday
03/03/22 New – 03/02/22
There’s a Full Moon today – Saturday 04/16/22. The SPX bottom made on 04/12/22 is outside the leeway of plus or minus two trading days, therefore a turn could come on 04/18/22 or 04/19/22. If the SPX is declining to a new low, specifically into the Fibonacci price support area near 4343, the Lunar phase could be additional evidence of a short-term bottom being made.
The next blog will examine additional evidence from the Price dimension that indicates the decline from the 03/29/22 peak is probably a correction within an on-going stock bull market.