In the past few days we’ve started to see the residual effects of the April solar eclipse playing out in the markets, especially in relation to the next solar eclipse, which is coming up in October.
The 2-eclipse midpoint is an important stress period in market timing, and that eclipse effect hits a peak this weekend, with a focus on the trading action on Monday, July 28.
That means it’s appropriate to look at the price levels associated with potential resistance in the S&P based on the interactions of these two eclipses.
Here’s what that look like:
We’ll be watching these resistance zones closely during the next couple of weeks, since significant action at any of these price levels could help us more clearly define the price action we need to be keeping an eye on a little later in the year.