Wednesday, May 25, 2011

Long Target SPX

See Mondays post for PRS chart

Long Target 1400, maybe a bit less.

Into the "No Moon" in June, end of next week say 6-3 to 6-6

This from Astrocycles.  
The market follow the moon for months at a time.   Then it doesn't follow for months at a time.   For now it is following, although getting long in the tooth for sure, I expect this pattern to end within a month or two, however, until patterns end it is best to believe they continue, same with support and resistance.    Calling "breaks" of the pattern before it actually happens can increase blood pressure.

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Insightful and Useful Comment!