S&P 500 IndexUpdated SPX: Earth and Moon Reversal Pattern
The same daily pattern has shown up for a third time since the COVID recovery began. It's a low volatility day (small candle), followed by a small gap down into a volatile and choppy period for four days, then a reversal into a new secular bull run.
It looks like a planet and a moon, hence the stupid name.
It looks like a planet and a moon, hence the stupid name.
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It happened again, folks.
Am I the only one who sees this terribly obvious recurring pattern at the end of daily corrections? Or am I the only one who's dumb enough to point it out to the rest of the world?
Probably the latter...
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You must be in the arena to win the game
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.