Happy Equinox: March 20 2016

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spring

 

Happy Equinox, aka first day of Spring. It might sound like a silly day to make a post about, however equinox is often associated with a trend change.

 

If a market is stuck sideways it might pick a direction. If a market is trending up it may correct for a bit. It certainly does not play out all the time, but it has provided some noteworthy results in the past. Below is Bitcoin with the Autumn and Spring equinoxes marked with a dotted vertical line.

 

Click Chart to Enlarge
Click Chart to Enlarge

 

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