Plenty of opportunities to trade next week, reports Susan Gidel.

In a rare occurrence, all six markets I follow regularly could reach turning points this week. On Monday, the transiting Moon and Venus touch sensitive points in the first-trade charts of crude oil and soybeans for a high, while it could be a low in 10-year. Treasury notes. On Thursday, the New Moon in Virgo could mean a high in the S&P 500, but a low in Euro FX. On Friday, it is Venus and three Capricorn planets that could spark a low in gold.

Overall, the week’s astrological energy supports efforts that are grounded and practical because the Sun in Virgo is working easily with Saturn and Pluto in Capricorn. Because Saturn and Pluto are working to transform business and government in long-lasting ways, the Sun’s arrival on the scene suggests diligent work on detailed plans is highlighted. Therefore, listen carefully for the details in the Fed’s post-meeting announcement on Wednesday, Sept. 16.

  • Crude Oil high on Monday, Sept. 14: The transiting Moon and Venus complete a Grand Trine with four of the market’s first-trade planets — the Sun and Mercury in Aries and Jupiter and Uranus in Sagittarius. In the October contract, look for resistance at the following planetary price conversion levels: $38.63 per barrel, $39.28, $40.03 and $40.30.
  • Soybean high on Monday, Sept. 14: The transiting Moon and Venus are at 90-degree angles to this market’s first-trade Venus and Uranus, a sensitive axis in the natal horoscope. In addition, transiting Mercury is aligned with the market’s first-trade Sun. In November beans, $9.78 per bu., Jupiter’s conversion level, could continue to provide resistance. The next higher planetary price conversion is $10.53.
  • 10-year Treasury note low on Monday, Sept: 14: The transiting Moon and Venus are at a 90-degree angle to this market’s first-trade Sun. In addition, transiting Mercury is aligned with the first-trade Saturn while transiting Mars (retrograde) is opposite the market’s natal Pluto. In December futures, support/resistance from planetary price conversion levels remains wide, between 136-08 and 143-07.
  • Euro FX high on Thursday, Sept. 17: The New Moon in Virgo is both opposite the market’s first-trade Jupiter and trine to the natal Mars/Sun combination. Transiting Saturn completes a Grand Trine with the first-trade Mars/Sun. Support/resistance from planetary price conversion levels is wide, between 1.1620 and 1.2530, basis December.
  • S&P 500 high on Thursday, Sept: 17: The New Moon in Virgo is aligned with the market’s first-trade Jupiter, a planet often activated at highs. In addition, transiting Mercury and Jupiter form a T-square pattern with the market’s natal Moon. A critical planetary price conversion level to watch for support/resistance is 3370, then 3484-94.
  • Gold low on Friday, Sept. 18: Transiting Venus is aligned with the market’s sensitive natal Moon while three planets in Capricorn—Jupiter, Saturn and Pluto — are aligned with two other sensitive first-trade planets, Mercury and Venus. In December gold, look for planetary price conversion support at $1933 per oz. and $1905, then $1868.

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

Pretty Darn Good

  • S&P 500 high on Friday, September 4—As the index’s first-trade Sun and Jupiter were activated, the market set a record high two days earlier just 5 points beyond the important end-of-cycle planetary price conversion level of 3583. Similar end-of-cycle levels marked the 1987, 1999 and 2015 highs.
  • Euro FX low on Tuesday, September 8—With transiting Venus opposite the market’s first-trade Neptune, prices were under pressure on Tuesday, with a low of 1.17665, basis September. That was beat a bit the next day at 1.17530, but prices made a big rally on Thursday to 1.19180.

Off the Mark

  • Soybean low on Tuesday, September 8—Despite the transiting Sun’s connection to the two major axes in the first-trade horoscope, November prices remained in an uptrend, reaching a high on Thursday, September 10 of $9.82 per bu.

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.