Bearish Lunar Cycle Signal.
Sometimes markets can turn on New/Full Moons plus or minus two trading days.
There was a New Moon on 06/06/24. The next day SPX made a new all-time high unconfirmed by the Dow Jones Industrial Average and the Nasdaq Composite.
Daily RSI and MACD had bearish divergences.
The SPX moved marginally above the rising trendline of a bearish wedge.
A multi- month decline may have begun.
There was a New Moon on 06/06/24. The next day SPX made a new all-time high unconfirmed by the Dow Jones Industrial Average and the Nasdaq Composite.
Daily RSI and MACD had bearish divergences.
The SPX moved marginally above the rising trendline of a bearish wedge.
A multi- month decline may have begun.
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