New moon shorting on the SPY. Just before, on, or just after the new moon the spy tends to move down (see yellow areas). The next new moon is in a day and could be a short play with a tight stop. Let's see what happens.
Comments
tradeBob1
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Correlation between lunar cycles and investment returns on a year basis is about 5% positive (45% lose vs 55% win). You have to make a lot of investments to take advantage of the correlate (> 20 trades per year). The effect is stronger in the United States, Canada, France and Germany. As always, other factors can over-ride this correlate for long periods of time. The effect is significant on 10 year and 30 year charts.
mhandley7
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@tradeBob1, Thanks Bob for the information. Interesting. I figure a couple days trade with a possible $1-$2 profit, and tight stop loss, works for me. Do you trade other astro cycles, planetary aspects, etc. I'm more of an Elliott Wave trader. Mark
G13Man
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@mhandley7, some one trades Jupitor , but stopped posting cause some one made fun of it [ to bad , was good]
mhandley7
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@G13Man, Yeah, that doesn't surprise me. I have had the same experience.Thanks
G13Man
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nice chart , nice hi-lights , great observation and proof of idea +1