Full Cold Moon Looms Over ES

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The full moon coming up on December 29th @ 10:28PM, aptly called the “full cold moon,” may signal the turning out for the S&P mini. The question is how low does it go? Does it head down to the 3570 area and rebound? Does it start pouring all the way down to the 3400 range? Is it going to be a combination of the two? Or, perhaps it doesnt arrive until the new year. My best guess is that this lunar date will be a turning point. The stimulus news will likely come just in time for the Santa Rally for the final push, and just before the new year hits, the dumping everyone has been anticipating for so long commences its precipitation. Any thoughts on the matter are welcome.

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