Market still bearish - the three super moons and what they mean

A weak pump brought us up about $15, but it didn't last long and is already testing its take-off point. That said, it may move up into the 530s again, but I honestly don't expect that. We have a bearish divergence on OBV and weak volume still.

Indicated by the red moons, you can see where the 3 full super moons in a row that we have had this year (quite an anomaly). The third of these 3 is coming up in 4 days, so expect the price to move down within 2 days of Sept. 9th, reason being that 2 of the 3 super moons so far have been bearish indicators as shown by the red arrows on the chart, meaning that the third probably will be as well. The fact that these 3 full moons have had no positive impact on the price means the bearish trend is strong.

Seeing as $400 has historically been support, breaking our previous low to test it would be extremely bearish, providing a target of about $200 on the long-term linear trend line support, not shown. I am planning on shorting at least until $400 where we may have a bounce and then again to go much lower, with stops above the blue line.. After this happens, the bulls can expect a much better year in 2015.