A Full Moon and Trendlines

Occasionally markets  can  turn  on or near Full or New Moons.  For stocks Full Moons tend  to signal bottoms, New Moons tend to signal tops. 

There’s a Full Moon on 07/13/22.   The daily S&P 500 (SPX) chart courtesy of Trading View illustrates New and Full Moons since late 2021.

Using the parameters of plus or minus two trading days from a New/Full Moon reveals  there have been five effective lunar turn signals  since December 2021.

The turn dates are: 12/20/21 – bottom.

                                   01/04/22 – top.

                                   02/02/22 – top.

                                   03/03/22 – top.

                                   06/29/22 – top.

The hourly SPX chart zooms  in  on short-term trendlines.

Just after the open of the  07/13/22 SPX session, a bottom was  made at a trendline connecting the lows  since the 06/22/22 bottom.

A break below the lower trendline could trigger a drop down to at  least the 06/17/22 bottom at 3636.87.  A  move above the upper trendline could open the door for a  rally at least up to the low 4100 area.

Also, the Full  Moon on 07/13/22 is  a  Super Moon – a  Full  Moon at  its  closest approach to Earth.  The view could be spectacular, especially at Moon rise.    

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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