dragonus

dragonus

Check it by yourself to see the relationship between Moon Phases and turning point dates of US stock markets.

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Dow broke out trendlines to the upside yesterday and also closed above its 100 MA and 200 MA for three days but its 100 MA crossed below 200 MA the first time since 2015 with a divergence of RSI on the daily chart. The Dow's 100 MA/200 MA crossing down could mean a lot from a long term perspective and we might see what would follow soon. Dow gaps up opening...

dragonus Updated 

Monday, February 4, is New Moon. 70% of the time we may see the market rallies into New Moon followed by some kind of sell-off and thus either this Friday or Next Monday might prove it's a market top. Let's see where the market will go on Monday then. By the way, I have just found financial astrologer, Osher's interesting video: www.youtube.com . To find...

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1, There is a cross over of two trendlines on Dow weekly chart and both trendlines are stronger resistance and have stopped Dow's movement to the upside. 2, As we know, trendlines cross over often pints point a turning point of stock prices especially long term so this week most likely a turning point one and the price next week might be lower than this...

dragonus Updated 

This is QQQ hourly chart right now. Is this a double bottom pattern or a head and shoulders pattern? It will tell later today or tomorrow.

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Full Moon as New Moon often brings energy to stock markets. As the chart shows that more times one or two days before and after Full moon we see sell-off and then rally on stock markets while sometimes it's inversed: markets rally first and then sell off. What has this month's Full Moon been doing then? Full Moon for January occurs on Sunday, Jan. 20 and we...

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SPX has rallied four weeks in a row and so far retraced around 55% of the drop from historical high Oct 2018 to last Christmas low. But these two long term charts still don't look healthy although its daily chart (not included) is bullish and the market could move higher from here. I cannot find out another huge double top on the monthly chart from SPX history...

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Most of the time the stock market is or close to a top one day before or one day after New Moon and then follows a few down days. Jan 5 was New Moon and this might partially explain last Friday's strong rally. If it would be true this time, a top might be seen either on Jan 4 or would be seen on Monday, Jan 7. Of course, sometimes New Moon relates to the bottom...