Strange things happen during eclipses, so traders should be prepared, warns Susan Gidel.

The planets are in the heart of this year’s first eclipse season, heading toward the extremely significant solar eclipse on Sunday, June 21, less than eight hours after the summer solstice, one of 10 days each year W.D. Gann spotlighted as a heralding a “change in trend.” This is a difficult eclipse, portending restriction, inhibition, restraint, separation and illusions.

All eclipses can bring an unexpected veer because they are rare (typically four times a year) and because, by definition, the light of our two luminaries—the Sun and Moon—are hidden from our view here on Earth. The June 21 eclipse is flanked by lunar eclipses, when the Moon’s reflection is blocked by the Earth, on June 5 and July 5. Events seen as representing this eclipse energy could occur six weeks either side, or roughly from May through July.

The June 21 solar eclipse (when the Sun’s light is blocked from Earth by the Moon) is extraordinary because it occurs at 0 degrees of Cancer, which is considered a “world point.” Events around this eclipse are destined to have world impact. For comparison, the only other solar eclipse at a world point since 1900 was on June 21, 2001 (also at 0 Cancer); the 9/11 terrorist attacks occurred less than three months later.

Going into the solar eclipse weekend, Mars makes connections with both Pluto (Thursday night) and Jupiter (Saturday morning) that support taking action to create change, abundance, and power. So, be on the lookout for pre-eclipse “Gann Day” opportunities.

Throwing a wrench into the mix is that Mercury turns retrograde on Thursday, June 18 at 12:59 am EDT. Mercury rules trading, computers, stock indexes, communications and travel. When it is retrograde, Mercury is not handling its responsibilities in those areas to its best ability. So, snafus can occur in any of those arenas. Best to back up your computer ahead of time and pay particular attention to online orders and daily statements during the retrograde period, which ends on Sunday, July 12.

  • Euro FX low on Tuesday, June 16: Euro FX could make a low as money planet Venus is directly opposite the market’s first-trade Pluto, while transiting Mars is now exactly aligned with Jupiter. Look for support in September futures at the planetary price conversion level of 1.11700.
  • Gold low on Wednesday, June 17: The transiting Moon and Mercury are activating the market’s first-trade Sun and Mercury from two different angles. The Moon (and Uranus) are 120 degrees away, while Mercury is 180 degrees away. In addition, the Moon and Mercury form a “yod” to the degree with the gold market’s natal Mars. In August gold, look for support at the planetary price conversion level of $1,719 to $1,726 per oz., then $1,688 to $1,694.

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

Bullseye!

  • Low in Euro FX on Thursday, June 4: June futures scored a low of 1.11965 on June 4, just above Mercury’s conversion level of 1.117, and rallied into the following week’s high of 1.14240 on June 10.

Pretty Darn Good

  • High in Soybeans on Monday, June 8: The Full Moon on Friday, June 5 trumped the following Monday’s three exact connections to the first-trade soybean natal horoscope by establishing a high at $8.73 ½ per bu. in July beans vs. Monday’s high of $8.71 ½. Prices dropped to $8.56 ½ on Tuesday.
  • Low in 10-year Treasury notes on Monday, June 8: The Full Moon on Friday, June 5 outshone the half-dozen transits on Monday to the market’s first-trade Moon by establishing a low at 136-22 in the September contract; Monday’s low was 136-30. Instead of being 120 degrees away from the first-trade Moon, the transiting Moon on June 5 was 150 degrees away from the market’s natal Sun. Monday’s low was near planetary price conversion support of 136-08. By Thursday, September had rallied to 139-03.

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