The S&P 500 Index (SPX) opened last week at 3155 and closed at 3185 for a rise of nearly 1% and ...
Euro & Treasury notes to Set Highs Next Week
05/17/2019 9:52 am EST
Astrological connections with the markets are simply another form of technical analysis, writes Susan Abbott Gidel, editor of the Red Letter Trading Days newsletter.
As we head into the long Memorial Day weekend, the planets quiet down a bit, with just two significant features.
First, both the Sun and Mercury enter the sign of Gemini on early morning Tuesday and are exactly aligned at 9:07 am EDT. This is Mercury’s ruling sign, so quite positive for both trading and stock indexes, which it also rules.
Be sure to take advantage of the “cazimi” period from 3:29 am to 2:27 pm EDT on Tuesday, when Mercury is in the heart of the Sun. This is when brilliant ideas can appear out of nowhere. Listen to them.
Second, Mars and Uranus connect on Wednesday morning, exact at 10:46 am, to take advantage of breakthrough opportunities. So, act on those “aha” moments from Tuesday!
Monday, May 20
- High in Euro FX: The day after this contract’s 21st birthday has both the Sun and Mercury conjunct the first-trade horoscope’s Sun. Meanwhile, the money planet Venus and Uranus are both aligned with the contract’s natal Mercury in support of some surprising trade activity. Finally, Mars is in an aspect with the first-trade Moon so that expressing public opinion about the currency is easy. Planetary price conversion resistance is at $1.1360 to $1.1380, with support at $1.1170 and $1.1070.
Wednesday, May 22
- High in 10-year Treasury note: Money planet Venus and the Moon are tickling the contract’s first-trade Sun, a planet that is activated regularly at market highs and lows. At the same time, the Sun and Mercury exactly aligned together, touch off one corner of a “mystic rectangle” in the first-trade chart by being aligned with the contract’s natal Mercury. Thus, the strong Sun/Mercury duo effectively activates four planets in the first-trade chart all at once. Planetary price conversion resistance stands at 125-01 to 125-08, then 126-00. Support is at 118-01.
Last Week’s Scorecard (through Thursday’s close)
- Low in Crude Oil on Monday, May 13: June crude oil hit the week’s low of $60.64 on Monday, closing at $61.04, just pennies above planetary price conversion support of $60.9 to $61.00 on volume of more than 1.5 million contracts. The day’s high of $63.33 was just above planetary price conversion resistance of $62.30-$62.90.
Off The Mark
High in Gold on Thursday, May 16: Gold rallied more than $14 per oz. on Monday, making the week’s high on Tuesday at $1,304.20 in the June contract. Thursday saw gold decline more than $10.
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 “Market Analysis with Astrology” for further information.
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