The upcoming eclipse cycle - updated
#178 An update on AAPL and the US Indices: DJIA, S&P500, Nasdaq Composite
Introduction
We have had a short trading week as the markets are closed on the Friday before Easter. We are right in the middle of the recent lunar eclipse and the upcoming solar eclipse of April 8th, 2024. Often you can see quite some volatility around these dates. Markets may change course in between these dates, but can also continue on the current trend.
As the solar eclipse is during a New moon - when the moon is between the Earth and the Sun - expect anything that may happen around the solar eclipse is hidden in plain sight but will revealed later. You may want to re-read last week’s post featuring TSLA and explaining W.D. Gann’s example of the Solar eclipse in his book a Tunnel Thru The Air.
I was watching AAPL and the recent mirror image foldback that is unfolding. AAPL hit the 1x1 timing line from the lows of January 2023 a few days ago. This might give some support for now on which a rebound is possible.
Given that AAPL is revisiting similar angle returns as in January 2023 regarding Venus and Mercury, this might fuel a similar rebound as drawn on the above chart. Please notice the similarity with the Mercury Retrograde period of early 2023. However it is not guaranteed we will see a similar rebound. During Mercury Retrograde periods communication is often distorted, and markets may make a more sideways movement during this phase and into the shadow period.
As I have taken a short Easter Holiday I have updated last week’s post with up-to-date charts for the premium subscribers.