Ocassionally Full or New Moons can signal a market turn, usually within plus or minus two trading days of the Full/New Moon.
Momentum oscillators can help determine which lunar signals could be effective.
On 08/18/20 GLD made a secondary peak after a very overbought primary top. The bearish line crossovers on MACD, RSI, and Stochastic along with the New Moon implied an important
top could be in the making.
On 08/18/20 - RSI and Stochastic reached the oversold zone. This combinded with the Full Moon sugested a bottom for GLD.
On 03/30/21 - MACD and RSI had bullish divergences. Stochastic had reached the oversold zone. With the Full Moon this implied a GLD bottom.
Most markets can have Lunar signals. Watch the momentum oscillators and watch the Moon.
Mark
Momentum oscillators can help determine which lunar signals could be effective.
On 08/18/20 GLD made a secondary peak after a very overbought primary top. The bearish line crossovers on MACD, RSI, and Stochastic along with the New Moon implied an important
top could be in the making.
On 08/18/20 - RSI and Stochastic reached the oversold zone. This combinded with the Full Moon sugested a bottom for GLD.
On 03/30/21 - MACD and RSI had bullish divergences. Stochastic had reached the oversold zone. With the Full Moon this implied a GLD bottom.
Most markets can have Lunar signals. Watch the momentum oscillators and watch the Moon.
Mark
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.