Today is the Spring Equinox, which is one of the most important dates in the year as far as the determination of market trends is concerned.
At least that’s what W. D. Gann thought, and he mentioned the date of the Spring Equinox in a number of places in his writings on trading methods and market forecasting.
That’s why we decided to put Gann’s theory to the test by back-testing more than a dozen market indices from around the world, as well as precious metals, currencies, and a group of individual equities.
We came up with some surprising results, which I shared in an online video a couple of days ago.
We also featured this research, along with a Universal Clock illustration based on Gann’s Wheel of 24, in the most recent issue of the FinancialCyclesWeekly newsletter.
In that article, I noted that for the S&P 500 Index at the Spring Equinox today, “the Sun’s position triggers prices of 1801, 1825, 1849 and 1873. We’ll watch for support and resistance at those prices.”
So far today, the S&P has been trading well above the 1849 mark, but has had an intra-day high of just 1866 and change.
We’ll have to wait and see if it hits the 1873 level or not. If it does, it will be a big confirmation of a potential sell-off tomorrow, especially if that’s the closing price or an intra-day high.
We also developed a high-probability trading strategy that can be applied to the markets right away.
You can review the results of that research, and discover the trading strategy for yourself, by watching a free 14-minutes video on W. D. Gann and Trading Profits at the Spring Equinox.
To see the video now, go to: