Gann Master Cycle updates - April 6 2023
$DJIA, $SPX and $COMPX trading up the wall of worry.
Introduction
This is a short update on the US Indices during the Easter holidays. As mentioned last week the US indices ended trading on Thursday higher as most of the times just before Easter. The Monday after Easter statistics are not that good. However, not all market are open on Monday 10th, so this may be a quiet day in the US markets.
I wish you all an enjoyable Easter with your family and friends.
For our premium subscribers, I have updated the Gann Master Cycle forecasts for the DJIA, SPX, and COMPX in the below post.
As we are coming close to the Solar and lunar eclipse season between April 20th and May 5th 2023, I have added some thoughts on the Solar and Lunar eclipses of 1893.
“The Panic of 1893 was a true and severe financial panic lasting from May of 1893 to November, 1893, with a run on currency, and banks closing, and businesses and manufacturers not being able to open because they had not cash to pay workers or buy materials.” 1
There are some similarities between 1893 and 2023 that made me think of a possible rehearsal of the May 1893 panic in 2023.
I have also added a short analysis on the SQQQ, the Ultra Pro short ETF: SQQQ which may indicate that we may still keep on climbing up the wall of worry for some time.
This analysis is intended for general informational & educational purposes only. Hypothetical or simulated performance based on past cycles has many limitations. Cycles can contract, extend, and invert. Anomalies can occur. Hence, past performance is no guarantee for the future. No advice. Please take a look at our full disclaimer.