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Wealth Power Hits Markets Mid-Week
07/10/2020 10:15 am EST
Wealth power effect portends highs in three financial markets next week, reports Susan Gidel.
One of the more powerful astrological connections of the summer occurs on July 14-15 as the Sun will be exactly opposes both Jupiter and Pluto in the sky. Jupiter and Pluto are within a degree of each other in the sign of Capricorn, and their conjunction in any sign suggests immense wealth. The Sun opposite this pair simply highlights that tendency, and as you’ll see in the comments below, could portend highs in three financial markets.
However, what might be more interesting to watch next week is how the Federal Reserve behaves. That’s because its natal Jupiter is at 23 Capricorn, and on Thursday, July 15, transiting Pluto will be exactly conjunct by degree while the Sun will be exactly opposite. Thus, the Sun/Pluto spotlight on the Fed’s natal Jupiter — a planet nicknamed the Cosmic Santa Claus — could be a time when it opens the spigots once again.
- Crude Oil low on July 13: The transiting Moon conjunct first-trade Mars highlights this year’s pressure on prices from three planets in Capricorn square to the market’s first-trade Mars and Pluto. In addition, transiting Mars is exactly conjunct the crude oil market’s natal Sun, while transiting Venus is directly opposite first-trade Jupiter. In the August contract, the Venus planetary conversion level of $40.30 per barrel is a key pivot; the next supports lower are $38.50 and $37.30.
- Gold high on July 14: This day’s Sun/Jupiter opposition is in the same degree as the market’s first-trade Venus, a planet often activated at highs. Jupiter is exactly conjunct the gold market’s Venus, with the Sun exactly opposite. In addition, transiting Mars is exactly 90 degrees away from the market’s first-trade Sun and transiting Venus is opposite natal Mars. Upside resistance from planetary price conversion levels exists at $1,868 per oz.
- 10-year Treasury note high July 14: Each end of the Sun opposite Jupiter and Pluto transit forms a 90-degree angle with the market’s first-trade Pluto, which rules debt. In addition, transiting Moon and Uranus could create surprises as they are conjunct the market’s first-trade Sun. Prices remain in a wide no-man’s-land of planetary price conversion levels between 136-08 and 143-08.
- Euro FX high on July 15: The market’s first-trade Jupiter is aspected in easy ways within one degree from four planets: Sun, Moon, Jupiter and Pluto, which suggests a peak. The transiting Moon also is aligned with the market’s first-trade Mars and Sun. Planetary price conversion resistance is strong between 1.1360 and 1.1380.
Last Week’s Scorecard (through Thursday’s close)
- Gold low on Tuesday, July 7: August gold’s low on July 7 of $1,781.20 per oz. was just $2 below the important end-of-cycle planetary price conversion level of $1,783 as three first-trade planets were activated by conjunction or opposition. August gold rallied $16.40 that day to close at $1,809.90 and hit $1,829.80 on July 8 for a two-day gain of $48.60.
Pretty Darn Good
- Euro FX low on Thursday, July 2: September prices the day before, at 1.12020, with a July 2 low of 1.12410. After the long holiday weekend, September hit a high the following Monday at 1.13640.
Off the Mark
- S&P 500 low on Thursday, July 2: This day’s action was in the middle of a low set on June 29 and 2999.74 and the July 7 high of 3184.15. The June 29 action did respect the planetary price conversion level of 3010, rallying to close at 3053.24.
For more about the Fed’s horoscope chart and how eclipses affected it in both 2020 and 2001, please see my blog post, “Eclipse Spotlights Fed as Key World Player.”
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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