Blood moons appear in groups, and seem to signal a change in directional pull for the markets.
A failure to close above a weekly (monthly) pivot when a cycle ends suggest a bear market is upon us.
SPX is currently under the monthly pivot moving out of a blood moon cycle.
Next blood moon cycle is in 2018 when the market should have recovered or be starting its...
These views are my own and this is not trading advice.
Probably a few sensible stops at the 236% retrace area for the butterfly pattern failure around 1320/30
We are also at a bigger 236% retrace area at 1327 from recent lows. The butterfly pattern targets 1087 which is 50% fib of the previous bullish move.
200dma is sloping down so bias should still...