Next week market range predictions by Trevor Smith....
S&P 500 Bull Market High, The Hunt Begins
11/01/2019 9:48 am EST
The S&P 500 did not set a low last week, but at some point, will set a high for the current decade long bull move. It could be Nov. 6, says Susan Gidel.
Now that the S&P 500 has scored a new all-time high, the hunt is on for when it might make its ultimate high for this bull market. From a long-term perspective, I expect this high to be either the ultimate or penultimate peak in a 45-year Saturn/Uranus cycle that runs 1988-2032, and that the high will be in place no later than May 14, 2020. In the ideal astrological world, the high would be near 3,223, the price conversion level of the Sun’s position the day the S&P 500 was launched in 1957.
Between now and then, there are a handful of potential dates when the S&P 500 could peak based on how the planetary transits line up with the market’s natal horoscope. One of the stronger ones is Wednesday, Nov. 6, when the market’s first-trade Sun, Moon and Venus are being activated by planets in the sky.
The timing clock-down begins with the cycle’s final 90-degree connection between Saturn and Uranus on Feb. 17, 2021. In the two previous 45-year cycles (1897-1942 and 1942-1988), the U.S. stock market made a bull market high six months prior (September 1929) and 32 months prior (January 1973), respectively. The 32-month mark has passed, but six months prior would point to September 2020.
We back up to June 2020 as a potential start to economic recession, based on astrological connections with the natal horoscope of the United States at previous economic ends. The stock market typically peaks ahead of recession.
The week of May 11, 2020 sees three planets connected to the markets and economy — Saturn, Venus and Jupiter — turn retrograde within four days, which should put incredible pressure on the stock market. Saturn starts on Monday, Venus on Wednesday and Jupiter on Thursday, May 14. This triple whammy of pressure marks the end of the window of opportunity for an important top in the S&P 500.
Tuesday, Nov. 5
- Low in Euro FX: Four significant planets involved at market turns are all being activated simultaneously: (1) transiting Moon is exactly square the first-trade Sun, acting as the final trigger; (2) transiting Mars is opposite natal Venus, a planet almost always involved at highs and lows; (3) transiting Mercury is opposite natal Mars and Sun and (4) transiting Venus is conjunct first-trade Pluto. Look for support in the December contract at the Saturn conversion level of 1.107, or at the Mercury level of 1.117.
Wednesday, Nov. 6
- High in S&P 500: This day looks more typical of a potential high in the S&P 500 than did the horoscope chart for the previous high of July 26, 2019. On this day, the transiting Sun is exactly 120 degrees apart from the market’s first-trade Sun, an important connection. The transiting Moon is conjunct the first-trade Sun, with transiting Mars opposite the first-trade Moon. Finally, transiting Venus is 120 degrees apart from its position in the first-trade chart. Ultimately, I’m looking for a top near the first-trade Sun conversion level of 3223.
Last Week’s Scorecard (through Thursday’s close)
Pretty Darn Good
- High in Gold on Thursday, Oct. 24: Gold prices started and ended the day below the planetary conversion price level of $1,508 per oz, rallying $14 in between to a high of $1,520.90 in the December contract.
- High in Gold on Monday, Oct. 28-Tuesday, Oct. 29: Indeed, the stronger day of the two was Monday, when December gold topped at $1,510.80, just above the projected resistance of $1,508. Prices fell as low as $1,483.10 — a $27 decline — on Wednesday.
Off the Mark
- Low in S&P 500 on Thursday, Oct. 24: The antithesis of an expected crash, the S&P 500 found support at 3000.42 and hit a new record high two trading days later.
- High in Euro FX on Tuesday, Oct. 29: Price set a low for the correction, not a high, at 1.11080 in the December contract.
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.
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