Few observations about this chart with the new/full moon annotations:

• Since Sept top, we’ve seen a series of lower highs/lower lows for each moon phase.
• This V-bounce as moved right into resistance & this bounce appears stronger than it actually is.
• Volume has been less than stellar on the move higher.
• Full moons typically mark a change in trend or reversal. If that pattern holds, the ST high is in.
• McClellan Oscillator is nearing Sept highs so a reversal here makes sense.

Filled in circles – Full Moon
Hollow circle – New Moon