This is the two-week moon cycle we have been using for short-term trading of Bitcoin and Bitcoin miners (MARA) in the PRO Service: The same two-week moon cycle and overlay on the S&P 500. The up-down pattern is virtually identical: The all time high on the S&P is 4396.87, just about 30 points above current prices. If it gets taken out, this chart suggests a two week rally. Thus, S&P 4396 - let's round it to 4400, is a key level. Below 4400 the path of least resistance is down, but a break-out above this level would be short-term bullish for stocks, at least until the next short-term cycle high due August 8th. If the S&P makes a new high in the next few days we will be looking for calls in a market leader for a two-week trade. For now, and with Bitcoin so oversold, it may be a good time to initiate or add to positions in Bitcoin and/or Ethereum.
