The Upcoming Solar Eclipse
#180 An update on the US Indices: DJIA, S&P500 and Nasdaq.
Introduction
On Monday, April 8th, in some parts of North America, you can experience a total solar eclipse. This phenomenon happens when the Moon comes between the Earth and the Sun, causing the Sun to be hidden from view partially or completely. This type of occurrence happens around every six months, during the new moon phase when the Moon's orbital plane is closest to Earth's orbit. During a total eclipse, the Moon completely covers the Sun's disk.
Solar eclipses were often believed to be a sign of bad luck or attributed to supernatural causes in many ancient cultures. Astronomers have been predicting solar eclipses accurately since the 4th century BC in China. Nowadays, scientists can predict eclipses with great precision hundreds of years into the future, and we all know that an eclipse will not cause the world to collapse.🙂
However, Solar eclipses are known to have an effect. W.D. Gann wrote about this time factor in his book “A Tunnel Thru The Air”. You may want to re-read this post from two weeks ago featuring TSLA and explaining W.D. Gann’s example of the Solar eclipse.
We already experienced the effect of the Solar eclipse a few days ago with earthquakes in New York and Taiwan. I personally experienced the effects, as I was born just after a Solar eclipse, and I was in an accident many years ago around a solar and lunar eclipse. So, I tend to avoid traveling around this time of the year. If you're in the area (link to solar eclipse path), be cautious and wear sunglasses while viewing the eclipse.
Could there be any impact on financial markets this year? As the Moon conceals the Sun, we may not see the effects immediately. We might need to wait and observe what happens when the next planet(s) passes over the same degree or longitude where the solar eclipse occurred. These are important hotspots. We could also look into the historical data of past solar eclipses that took place in the same region, or what happened 18 years ago when a similar solar eclipse from the same Saros Cycle occurred. So, let’s dive into this.