S&P 500 – Page 60 – Spiral Calendar

Rug Pull

That sell off was the Start of something!

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Recent New Moons are defining the end of the speculative frenzy. The March new moon marked the first in a sequence of tops close to New Moons for Bitcoin. Now the May New Moon sees both parabolic lumber and ethereum markets top in close proximity. The end of these manic run offs portends an approaching, equity decline.

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The Defenestration of Elon Musk

Elon's ever-increasing need for publicity is now exposing his flaws for all to see. There's quite a bit of air to come out of Tesla yet.

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ArkkiTexture

The dismantling of the ARKK will roil the markets, especially certain issues (TSLA). Volatile trading ahead.

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Weekly Update

I expect further gains off of Wednesday's low.

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Base in Place

Time for more rally.

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Selling Squall

The inability for bears to follow through today may mean we simply saw a calendar-based 'selling squall' per the Spiral Calendar relationship shown in Sunday's post. But continued selling now would indicate a more substantial low in place .