It looks like the SPX may be supported this coming week with the seasonal IRA inflows, then fall victim to the waning moon.
("Waning moons are best suited for magic")
These old charts seem to reconfirm that earlier post: 1st Qtr Moons, can be very dangerous to your portfolio
We find strong lunar cycle effects in stock returns. Specifically, returns in the 15 days around new moon dates are about double the returns in the 15 days around full moon dates. This pattern of returns is pervasive; we find it for all major U.S. stock indexes over the last 100 years and for nearly all major stock indexes of 24 other countries over the last 30 years. In contrast, we find no reliable or economically important evidence of lunar cycle effects in return volatility and volume of trading. Taken as a whole, this evidence is consistent with popular beliefs that lunar cycles affect human behavior.
Due to the elliptical shape of the Moon's orbit, the apparent size of the Moon's disk changes as its distance from Earth varies (the closest and farthest points do not always occur at the same phases, however). Second, although the Moon's near side directly faces the Earth on average, we get to view the Moon from slightly different angles as it orbits us. This effect, called libration, is caused partly by the tilt of the Moon's rotation axis with respect to its orbital plane and partly by the fact that the Moon's speed in its orbit varies but its rotation rate does not.
Edited by Rogerdodger, 01 April 2007 - 10:15 AM.
