Do Bulls Feel Lucky or Will They Have Deal with High Tide?

In addition, to the data presented in our previous posts, this chart was not included. The S&P 500 cash responded at the cyan resistance line which has been an inflection 6 times. Additionally, the minimum normal reaction has been around 42 points immediately out of this level as shown with the statistics printed on each support/resistance on the chart.

Importantly, the phases of the moon are setting up a situation to which the market has been especially sensitive for a long time -  "the new moon phase". The market has very often made substantial highs, as can be seen marked with the numbers one through 10 on the chart below.

Will number 10 continue this pattern? Given the other evidence presented in our previous post, it seems it will be difficult for the market to put together a valiant fight. We wait to see the results, however, this structure serves to underline the importance of the inflection points we have been discussing for the last month and a half or so.

S&P 500 cash support and resistance levels and moon phases

S&P 500 cash support and resistance levels and moon phases

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