Crude will look to make a high on Tuesday, gold on Wednesday and S&Ps on Friday, reports Susan Gidel.

This week’s biggest astrological energy occurs on Wednesday, Sept. 2 with both a full moon and an easy connection between the Sun and Uranus that supports tried-and-true ideas. The full moon emphasizes the effect from Uranus in Taurus, so be on the lookout for a rehash of ideas that shake up finance and banking, the purview of Taurus.

Venus, the planet that rules money, also is in the picture all week—and not in a good way. On Sunday, Aug. 30, Venus was opposite Pluto, which can signify big debts. On Wednesday as it opposes Saturn, which portends that money is limited or restricted. Finally, on Friday, Venus is square to Mars, so there is frustration about actions taken toward money and funding.

Mercury, the planet rules trading and stock indexes, also connects with several planets this week, but in a more pleasant way than Venus. Beware deceptive talk on Sunday as trading opens for the week. On Tuesday, pay attention to powerful words from powerful people. It’s time to make a long-term plan on Thursday. And, going into the long weekend, it’s easy to sweet-talk anybody about anything.

  • Crude Oil high on Tuesday, Sept. 1: The crude oil market’s first-trade Mars/Pluto opposition is under tremendous pressure from three planets in the sky—Mars, Venus and Saturn—as they form a Grand Square. Adding to the potential for a high is that the transiting Sun is in an easy trine with first-trade Venus. Look for planetary price conversion resistance at $43.63 per barrel, basis October, then $44.30.
  • Gold high on Wednesday, Sept. 2: The transiting Sun moves into position with Uranus and the market’s first-trade Sun to form a Grand Trine of peak optimism. At the same time, the market’s first-trade Jupiter is aligned with the full moon as the moon is conjunct and Sun opposite. Planetary price conversion levels that could provide resistance, basis December, include $1,989 per oz., $2,011 and $2,048 to $2,054. The Venus conversion level of $2,092, just beyond the current all-time high in the December contract at $2,089, is significant.
  • S&P 500 high on Friday, Sept. 4: Going into the long holiday weekend, the transiting Sun makes its annual opposition to its first-trade position, while transiting Mercury aligns with first-trade Jupiter. End-of-cycle planetary price conversion levels 3573-3583 are significant resistance; similar levels put in the 1989, 1999 and 2015 highs.

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

Pretty Darn Good

  • Soybean low on Thursday, Aug. 20: November beans traded in a 13¢ range and closed near the low of $9.02 ½, just above the Mercury conversion level of $9.03. Two days later, prices made a lower low of $9.01.
  • Soybean high on Wednesday, Aug. 26: November beans did get past planetary price conversion resistance at $9.12 and rallied past a more significant conversion level at $9.38, peaking on Aug. 27 at $9.48 ¾, just shy of the next conversion level at $9.50.

Off the Mark

  • 10-year Treasury note high on Wednesday, Aug. 19: Prices peaked two days later, on Aug. 21 at 139-23.5 in the September contract. 
  • Euro FX high on Tuesday, Aug. 25: Prices on this day were in between a low on Aug. 21 and a high on Aug. 27.
  • S&P 500 low on Wednesday, Aug. 26: The S&P 500 set a fourth consecutive record high this day, at 3481.07, just shy of the natal horoscope’s descendant conversion level of 3484.  

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.