Next week is about heavy hitters, plus the stars are calling for a low in gold on Tuesday and a high on Friday, notes Susan Gidel.

Last week’s set of five planets in early degrees of Virgo are moving along, activating different areas of the first-trade horoscope charts for the Euro FX, 10-year Treasury note and S&P 500 in ways that point to potential highs in the post-holiday trading week.

The set of four Virgo planets are 120 degrees away from a trio of important planets in the gold market that are activated at both highs and lows. Thus, there is potential for a low in gold on Tuesday, with a potential high on Friday. Also be on the lookout for an emotionally charged, big-volume trade in gold on Friday, Sept. 6.

The Virgo planets also start moving into tighter trine aspects with heavy-hitters Saturn and Pluto. This is most noticeable on Friday, Sept. 6 when the Sun is trine Saturn while Venus is trine Pluto. These connections imply solid plans from leaders that are associated with big funding. On the same day, Mercury is square Jupiter, so it could all be so much talk, no action. However, with Venus the planet that rules money and Pluto the planet that rules debt, beware the potential for exorbitant budgets.

Tuesday, Sept. 3

  • Low in Gold: As post-holiday trading begins, the Sun, Mercury and Mars are all at 10 degrees Virgo, making a trine (120 degrees away) from the gold market’s first-trade Sun at 09 Capricorn. Meanwhile, transiting Venus is exactly trine the market’s first-trade Mercury. The gold market’s natal Sun is often involved at market lows while Mercury is more involved at highs. So, with three transiting planets hitting the Sun vs. just one hitting Mercury, the nod goes toward a low. Look for support at the planetary price conversion level of $1,508 per oz. The Saturn price conversion level of $1,545 is a critical tipping point.  

Wednesday, Sept. 4

  • High in Euro FX: The two most common indicators of a high are both in play. First, the Sun, Mercury and Mars are opposite the first-trade Moon in the Euro FX horoscope chart. Second, the Moon is opposite the contract’s first-trade Mars and Sun. Planetary price resistance in nearby September is first at $1.117, then jumps to $1.136 to $1.138.

Thursday, Sept. 5

  • High in 10-year Treasury note: The Sun is an important planet in identifying market highs and is in play in a big way as the transiting Sun is exactly trine (120 degrees away) the position of the Sun in the market’s first-trade horoscope chart. What’s more, transiting Mercury, Venus and Mars are right alongside the Sun, adding more oomph. Finally, transiting Saturn also is trine the first-trade Sun, completing a Grand Trine in Earth, which creates great ease in letting prices rally. As a bonus, transiting Moon is aligned with the market’s first-trade Uranus and opposite the first-trade Mercury, an important axle in the natal horoscope. In the most-active December contract, look for planetary price resistance at 132-03 to 132-30, then 134-06 to 134-08. 

Friday, Sept. 6

  • High in Gold: By Friday, the four planets transiting Virgo are more focused on the gold market’s natal Mercury, which is activated more at highs than lows. In addition, the transiting Moon and Jupiter are aligned with the market’s first-trade Mars, so beware the potential for an emotion-packed, high-volume trading day. The Saturn planetary price conversion level of $1,545 per oz. remains a critical battleground in the most-active December contract. Clearing that level points to the next planetary price resistance at $1573 to $1581.
  • High in S&P 500: Four transiting planets remain in Virgo, and now focus their attention on the S&P 500 index natal Sun at 13 Pisces, with the transiting Sun exactly opposite at 13 Virgo and the other transiting planets at 12-20 Virgo.

Meanwhile the transiting Moon has moved on to where both it and Jupiter are aligned with the S&P 500 index natal Saturn. Both setups support putting pressure on the market, thus creating a high. The planetary price conversion level of 2944 is proving stiff resistance, but a breakthrough to the upside could send the index to planetary prices levels of 3003-3010, then 3028 (the record high from July 26).

Last Week’s Scorecard (through Thursday’s close)

Pretty Darn Good

  • High in S&P 500 on Friday, Aug. 23: The S&P 500 topped a day earlier, on Thursday, Aug. 22 at 2939, just 5 points below planetary price resistance at 2944. On Friday morning, the market did make an early run into positive territory, reaching 2927. Then, increased tariff threats from both the United States and China sent the market reeling to a low of 2834, for a 93-point range, to close 75 points lower on the day.  

Off the Mark

  • High in Euro FX on Thursday, Aug. 22: Nearby September made a low on Friday, Aug. 23 at $1.107. The high arrived the following Monday at $1.11825, still well below planetary price resistance of $1.136 to $1.138.
  • Low in Gold on Tuesday, Aug. 27: December gold’s low of $1,535.30 per oz. on Tuesday, Aug. 27 did support a rally to $1,559.80 on Thursday, a gain of $24.50. However, Thursday’s outside day took prices to a low of $1528.60. 

The position of planets in the sky as they relate to their positions when a market first began trading can provide clues to potential trend changes. The energy is strongest on the days noted in this post, but it is not unusual for the effect to be seen a day or two either side. See backgrounder “Market Analysis with Astrology” for further information.  

Susan Gidel is editor of the Red Letter Trading Days newsletter.