Stars forecasting a low in the euro on Tuesday with a high in the S&P, reports Susan Gidel.

The New Moon in Taurus at 10:26 p.m. EST Wednesday, April 22 heralds the start of a 30-day period in which seeds planted on Thursday/Friday can take root easily and reveal results by the time of the Full Moon in two weeks, on May 7. Taurus is ruled by money planet Venus, so it is a great time to focus on money issues and intentions.

However, the New Moon (when the Sun and Moon are conjunct in the sky) and Uranus are all at a 90-degree angle to Saturn, which suggests there is tension between unusual money ideas and long-term, sustainable plans. The Sun is exactly 90 degrees from Saturn on Tuesday at 3:00 am, which highlights tension between leaders and long-term plans.

Also note that the New Moon occurs on Earth Day, so intending to devote more money to help the planet is well within the New Moon’s wheelhouse.

  • Low in Euro FX on Tuesday, April 21: The Moon, Mercury and Mars are tickling the market’s natal Venus, the planet rules money and currency. At the same time, the power pair of Jupiter and Pluto are easily supporting the market’s natal Sun and Mars in Taurus, a sign ruled by Venus. In the June contract, there is significant support at 1.0720-1.0730, based on planetary price conversion levels.
  • High in S&P 500 on Tuesday, April 21: The Moon and Mercury are aligned with the index’s natal Moon, a planet associated with previous highs. Meanwhile, the money planet Venus is opposite the index’s natal horoscope to the degree, signifying a restriction on money. Resistance remains in the 2850 to 2863 range, based on planetary price conversion; the next levels higher are 2896, then 2931-2944.
  • High in Crude Oil on Wednesday, April 22: Five planets in the sky are aspecting the market’s natal Mars and Moon. The almost New Moon (exact Wednesday night) means that the Sun and Moon are both aligned with crude oil’s natal Mars and opposite the market’s natal Moon. The Mars connection adds to the underlying pressure this year due to a 90-degree square from Pluto and Jupiter. In the June contract, potential resistance exists at $26.30-$26.90 per barrel based on planetary price conversion levels; $28.48 is an end-of-cycle conversion level.
  • High in Gold on Thursday, April 23: Three planets—Sun, Moon, Uranus—are all in the powerful trine aspect to the gold market’s first-trade Sun position. In addition, transiting Mars is opposite the natal position of the Moon in gold’s first-trade horoscope, and transiting Venus is opposite natal Mars. These three aspects to the Sun, Moon and Mars are among the strongest seen at gold market highs. In the June contract, $1,783 per oz. is the end-of-cycle conversion level from Jupiter and should remain an important resistance level. Beyond that, the next three conversion levels are $1,868, $1,905 and $1,933. (Gold’s all-time high on monthly continuation charts is $1,920.80.) Beyond that, gold likely would be ultimately attracted to $2,092 to $2,121, based on conversion levels.

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

Pretty Darn Good

  • Low in 10-year Treasury note on Thursday, April 9: The June contract made a low that day of 137-21, and rallied into the following week, reaching a high of 139-13 on April 16.  
  • High in S&P 500 on Monday, April 13: This day was a tossup between a high and a low, and I picked “high,” just to pick one or the other. And, the day showed both those sides. On Monday, the S&P 500 made a low of 2721, and the next day it peaked at 2851, right in the sweet spot of planetary price conversion resistance of 2850-2863.
  • Low in Crude Oil on Tuesday, April 14: May crude oil closed on the lows this day at $20.11 per barrel with a low of $19.95. The next day set a low of $19.20.  

Off the Mark

  • Low in Gold on Monday, April 13: June gold hit a high for the move at $1,788.80 per oz. the following day, April 14. The previous low that supported the rally occurred on Thursday, April 9, the day before the long holiday weekend, at $1,676.50 (just below the planetary price conversion levels of $1,688-$1,694) and closed $76.30 higher at $1,752.80. 

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.© Copyright 2020 SusanGSays LLC