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The S&P Makes a “Correct High” on the Equinox

We were watching the intra-day price action in the S&P 500 closely yesterday, since it was the Spring Equinox, and we had done extensive back-testing of this event’s potential effects on the markets.

In making a price projection (published on March 16 in Issue 1411 of the FinancialCyclesWeekly newsletter) we used the Universal Clock version of W. D. Gann’s Wheel of 24:

Gann Wheel for 2014 Spring Equinox
The planetary positions at the Spring Equinox are shown here on the Universal Clock, based on W. D. Gann’s Wheel of 24, with the Sun (the yellow dot) on the right side of the wheel hitting the 0-degree Aries point on March 20. The outer ring shows price levels corresponding to the current trading range of the S&P 500 Index; note that the Sun’s position triggers prices of 1801, 1825, 1849 and 1873. We’ll watch for support and resistance at those prices on March 20.

As noted in the caption for this diagram, the critical price levels for the day were from 1801 to 1873– an intra-day high or low, or a close for the day, at one of these prices would be powerful confirmation of the Spring Equinox energy at work in the market.

As it turned out, the trading yesterday in the S&P hit the price target of 1873 as predicted in the newsletter our members received– the exact high was 1873.49– and the Index closed just one point below that, at 1872.01.

We refer to this kind of precise alignment with a planetary price point as a Correct High, a perfect picture of price and time coming together.