If and when the market breaks through 395 resistance, I expect a bullish
move through intraday resistance to the next level of daily resistance, which is at around $515-$535. Resistance at $450 is still considerable, but an interesting new moon
pattern has me thinking the bull market may last quite a bit longer. As I've mentioned before, bullish
full moons in the summer failed, making way for a long bear run. After that, the moons seemed to be good indicators until this most recent bearish new moon
, despite which we are still in an uptrend. To me, this signals the beginning of a longer uptrend.
I'm still somewhat cautious since there is a lot happening in the next week or so, but I'm very optimistic for the time being. Look for a break of $395 for a safe entry.