Full moon—it’s more like a world markets bull moon, writes Trevor Smith of Trevor's Trading.
Traders may observe lunar-cycle reversals in world markets, despite its holiday-weekend timing. I can’t guarantee it won’t be temporary swing trade reversals, before some markets resume downtrends. Technical supports abound and include daily chart Bollinger Band price bar positions, positive divergences, moving average supports, and momentum study strengths.
My last article entitled, Food Banks & Fungi (moneyshow.com), highlighted known space weather “Non-terrestrial event dates that include(d)…a Cannibal Coronal Mass Ejection (CCME)…with bearish sentiment” ahead of time. I casually wrote about food insecurity/food riots, now a reality in select global areas.
All of my “anticipatory guesses” about the conflict happened in sequence (change of technology as evidenced by movie-inspired “Terminator Drones” April 7, 2022, and US Space Force alerts declared in US news networks this weekend (although aerospace tech goes further in my brain-injured premonitions), one change of players/leaders—of the three expected—as evidenced by Russia’s appointment of a new military commander, and a quiet phase/pause as evidenced by troop repositioning). As of April 17, 2022, only six of ten projected ranges printed.
Next Two Weeks’ Predicted Ranges (Written April 17, 2022)
E-mini S&P 500 (ES=F)
High Range 4478-4451 (outlier: 4520 target if >1 SD); Low Range 4367-4447
Neutral-bullish range may exceed One-Standard Deviation (1-SD). Space weather/non-terrestrial event dates include the current solar wind stream earth is currently in, as well as other events near April 22 that may coincide with bearish sentiment; projected lows should occur early in the period.
High Range 43898-41500; Low Range 39250-38450
Neutral-bullish ranges; price is on 20-month moving average support.
Euro FX (EUR/USD)
High Range 1.102-1.095; Low Range 1.080-1.072
Neutral-bullish wide, trending ranges; 1.112 as 50-day moving average target if reversal rally gets energized by coming news.
High Range $2011-$1991; Low Range $1959-1941
Neutral range. Bullish continuation setup short-term, but bearish candlesticks prevail-eventually.
Crude Oil (CL=F)
High Range $112.00-109.40; Low Range $100.85-97.54
Neutral-bullish ranges. Yearly pivot: $40.19; $46 Fibonacci 50% level is possible-eventually. For now, a $115-level stops run higher on short traders selling the monthly-chart-candle prints soon.
Prior Predicted Ranges (Written March 30 for April 1-17, 2022)
E-mini S&P 500
High Range 4701-4645; Low Range 4549-4521
Neutral-bearish ranges. Space weather and non-terrestrial event dates that include solar flares, some of which will merge into a “cannibal coronal mass ejection” wind stream of particles that may coincide with bearish sentiment on March 31, April first, & fourth.
High Range 49699-48813; Low Range 45962-45902
Neutral-bearish ranges; countertrade sees a monthly chart candle on the 80-month moving average.
High Range 1.129-1.123; Low Range 1.108-1.100
Neutral ranges; 1.128 March monthly pivot overhead not touched.
High Range $1963-$1945; Low Range $1920-1907
Neutral range. Bullish breakout setup short-term, but monthly inverted hammer candlestick is bearish.
High Range $112.67-109.41; Low Range $100.10-95.94
Neutral-bearish ranges. $87.40 is 20-week moving average low target if monthly inverted hammer candle activates bearish traders. Yearly pivot: $40.19; $46 Fibonacci 50% level is possible-eventually.
Trevor Smith is a technical market analyst/forecaster who is registered as a Commodity Trading Advisor. You can view Trevor’s Trading here.