The biggest astrological news of the week is that Pluto turns direct in motion on Sunday, October 4 after having been retrograde since April 25, says Susan Gidel of Red Letter Trading Days.

This signifies that the planet in charge of business and government transformation from 2008-2024 is back on the job and ready to move forward with those initiatives. Its helper this year, Saturn, also is recently back from vacation as it turned direct in motion on September 29 after having been retrograde since May 11.

When these two planets were direct in motion together, continued claims of unemployment hit their seasonally adjusted peak on May 9 at 24.9 million. While they both have been retrograde, that number has been declining, to 11.8 million through September 19. With both Saturn and Pluto moving direct again, there is energy for renewed restrictions. Tension is particularly intense on Friday, October 9, when Mars makes an exact 90-degree aspect to Pluto.

  • Soybean high on Wednesday, October 7—Six direct connections with the first-trade horoscope for soybeans indicate a significant high, listed as transiting planet to first-trade planet: (1) Sun conjunct Sun; (2) Moon conjunct Moon, opposite Jupiter; (3) Mercury conjunct Venus, opposite Uranus; (4) Uranus conjunct Uranus, opposite Venus; (5) Venus conjunct Mars; and (6) Neptune conjunct Saturn, opposite Neptune. Two planetary price conversion levels stand out as potential resistance in November beans--$10.53 per bu. and end-of-cycle $10.67.
  • Euro FX low on Thursday, October 8—The big indication of a low in this market is that transiting Venus is opposite the Moon in the first-trade chart, a connection that occurs once every 18 months or so. Adding to the energy is that the market’s first-trade Mercury is activated by both transiting Mercury and transiting Uranus. Finally, the trading Sun is opposite first-trade Venus. The nearest planetary price conversion level to the downside for the December contract I 1.1620.
  • Gold high on Friday, October 9—The three main planets in play at market highs—first-trade Sun, Mercury, and Venus—are all being activated by transiting planets in the sky. The most significant is that transiting Sun and Moon are forming a difficult T-square with first-trade Sun, and Mercury, while transiting Venus and Uranus are each 120 degrees away from the Sun. Transiting Mars is exactly 90 degrees apart from first-trade Venus, emphasizing Pluto’s conjunction with Venus. If December gold can clear what should be considered significant planetary price conversion resistance at $1933 per oz., it could clear the way to $1989 and $2011.
  • S&P 500 low on Friday, October 9—The first-trade Sun in the index is getting hit from three directions by three transiting planets. First, the transiting Sun is exactly opposite where it was when the index launched. At the same time, Mercury and the Moon are forming a big triangle with the first-trade Sun. Finally, transiting Venus is opposite both Mercury and Venus in the first-trade horoscope. Significant support from planetary price conversion levels could appear at 3256, then 2863.

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

Pretty Darn Good

  • Soybean low on Friday, September 25—The low in November beans on this day of $9.95 ¼ per bu., was exceeded the following Tuesday, hitting $9.85 ¾. However, beans rallied big time on Wednesday, September 30, hitting a high of $10.34 ¾.  

Off The Mark

  • 10-yr. T-note high on Wednesday, September 23—The market set a low of 139-125 on this day, not a high. The December contract rallied to 139-260 by September 29.
  • Crude Oil low on Monday, September 28—This day set a high of $40.80 per barrel, not a low, as Mars, Saturn, and Pluto hit the market’s natal opposition between Mars and Pluto. November prices fell to a low of $37.61 by Thursday, October 1, just above the planetary price conversion level of $37.30.

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.

All information in this post is merely the personal opinion of the author and not that of any other person, company or entity. This information is not to be construed as financial advice, nor relied upon as such. Please contact your broker or financial advisor for trading and investment advice. Past results are not necessarily indicative of future market behavior.

For more information about Susan Gidel, please visit SusanGidel.com.