Possible Lunar Phase Signal

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.

Published by Mark Rivest

Independent investment advisor, trader, and writer. Articles have appeared on Technical Analysis of Stocks and Commodities , Traders.com Advantage, Futuresmag.com, and Finance Magnates.

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