Pre-Holiday Fireworks from 4 Sectors

06/26/2020 5:00 am EST

Focus: MARKETS

Susan Gidel

Editor, Red Letter Trading Days

Next week will have plenty of astrological energy pushing markets around, notes Susan Gidel 

For a holiday-shortened trading week, there are three big astrological energies to absorb. First, between Friday’s close and when the week’s trading begins on Sunday, Mars will have moved into its ruling sign of Aries where it stays put for the next six months. Typically, Mars stays in one sign about six weeks, but this year, it will be retrograde in motion from Sept. 9 through Nov. 13. This is strong, aggressive energy that will permeate everything that occurs through year-end. Fight makes right is the byword of Mars in Aries. 

Second, on Tuesday, June 30, Jupiter and Pluto are exactly conjunct in Capricorn for the second of three such connections this year. This is the first time these two planets have been conjunct in Capricorn since 1771, and their connection stands for expansion of debt and power in a responsible manner by an authoritative institution. 

Their first conjunction this year was on April 4, and five days later the Federal Reserve announced its $2.3 trillion bond-buy program. This second conjunction could mean a review of that initial program. However, with transiting Jupiter also conjunct the Fed’s natal Jupiter from July 2-9, it also could indicate that the Fed could announce additional debt expansion going into the holiday weekend. Jupiter and Pluto make their final conjunction in Capricorn on Nov. 12 when we should expect some sort of final resolution to the Fed’s expansionary efforts.

The third big energy shift this week is that Saturn, which is retrograde in motion, reenters its ruling sign of Capricorn on Wednesday night after having been in Aquarius since March 23 and traveling backwards in that sign since May 11. Saturn rules both these signs, but is more restrictive in Capricorn, which could help keep the potential Jupiter/Pluto debt expansion next week from getting too out of hand by either limiting amounts or establishing boundaries for its use. 

  • Soybean low on Monday, June 29: Mars, having just entered the sign of Aries, is the featured planet as it is opposite the soybean market’s first-trade Mercury. Meanwhile transiting Venus is square the market’s natal Mars, while the transiting Sun and Mercury are square to the first-trade Sun. In November soybeans, look for support at the planetary price conversion level of $8.38 per bu.
  • Gold high on Tuesday, June 30: The gold market’s first-trade Sun is stimulated today in a culminating way as the transiting Sun and Mercury are directly opposite. The transiting Moon is exactly 60 degrees away, and transiting Uranus is exactly 120 degrees away. Adding some weight is the Jupiter and Pluto are both at 24 degrees of Capricorn, just 2 degrees away from the market’s natal Venus. If August gold can surpass the end-of-cycle planetary price conversion of $1,783 per oz., the next such significant resistance occurs at $1,868. 
  • Euro FX low on Thursday, July 2: Transiting Venus, now moving direct in motion, is once again exactly opposite the market’s first-trade Pluto, while the transiting Moon is conjunct Pluto. Venus was opposite Pluto on April 11 (Saturday of Easter weekend, with the market opening on its lows and rallying big on April 9) and June 17-19 while retrograde (with the market bottoming on June 19). In the September contract, look for support at the planetary price conversion level of 1.11700. 
  • S&P 500 low on Thursday, July 2: A trine from the transiting Sun and Mercury to the S&P 500’s first-trade Sun could support a low as the markets head into a long holiday weekend. Also supporting a low are that transiting Moon and Mars form a Grand Trine with the index’s natal Uranus. The three significant planetary price conversion levels to watch are 3010, 2896 and 2863.

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

Pretty Darn Good 

·       S&P 500 low on Monday, June 22: Two easy trines supported a tiny low at 3079 between two days that tested the gap area of 3223--3123 with rallies to 3155 and 3154.

 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 

 

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