While the stars show a low in gold and high in the S&P 500 on Monday, most market action will come mid-week, reports Susan Gidel.

Tuesday and Wednesday, April 14-15, are the roughest days of the week from an astrological perspective as the transiting Sun squares off against first Pluto, then Jupiter. The Sun in Aries represents leaders who won’t back down from a fight while Pluto and Jupiter in Capricorn represent immense power to transform business and government. Jupiter rules justice and the legal system, so the fight with the Sun could have that tone as well.

Despite the planet’s focus on mid-week, it is Monday’s trade that portends both a low in gold and a high in the S&P 500 because of how the planets connect with their respective first-trade horoscopes. Crude oil could make a low on Tuesday, when its ruler Pluto is in the aspect picture.

Monday, April 13

  • Low in Gold: The market’s first-trade Venus gets hit hard by a 90-degree aspect from the transiting Sun while Jupiter and Pluto remain in range as conjunct as they have been since the end of February. Also significant is that the transiting Moon is aligned with the market’s first-trade Sun. In June gold, look for support from three planetary price conversion levels ranging from $1,688 to $1.694 per oz.; the next level lower is $1,651.
  • High in S&P 500: Based on planetary transits to the index’s natal horoscope, this day is a toss-up between a high or a low in the S&P 500. Because the market has been rallying, I’ll go with “high.” Arguing for a high are that transiting Venus and Mars are conjunct two of the first-trade chart’s “angles,” with the Sun conjunct first-trade Moon. Arguing for a low are the 120-degree aspects between transiting Jupiter/Pluto and first-trade Mars, as well as the trine to Pluto from the transiting Sun. The planetary price conversion levels to watch for resistance include 2830, 2850 and end-of-cycle 2853-2863.

Tuesday, April 14

  • Low in Crude Oil: Tension-filled aspects put pressure on prices, especially as money planet Venus is opposite the market’s natal Jupiter and Uranus. In addition, the Sun makes a tight conjunction with natal Mars, while Jupiter, Pluto and the Moon are 90 degrees away. In the May contract, substantial planetary price conversion supports exists at $23.68-$23.72 per barrel, then $21.20-$21.28.

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

Pretty Darn Good

  • Low in S&P 500 on Friday, April 3: This day’s low of 2459.96 was just 12 points higher than the correction low on April 1 at 2447.49. The cash index gapped higher on Monday, April 6 to close 175 points higher, for a gain of 7.03%.

Off the Mark

  • Low in Soybeans on Thursday, April 2: Prices fell 23¢ per bu. the day before, but did not bottom until Monday, April 6 at $8.48 ½.
  • Low in Soybeans on Tuesday, April 7: May beans made a low the previous day at $8.48. ½, 10¢ above planetary price conversion support. In Tuesday’s trade, prices rallied into the start of a sideways pattern.

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.