The position of planets as they relate to when a market first began trading can provide clues to potential trend changes. The energy is strongest on the days noted below.

The New Moon in Aries on Friday, April 5 activates planets in the first-trade charts of both the S&P 500 and 10-year Treasury notes that could be trend-changing—a potential low in the S&P 500 and a potential high in 10-year T-notes.

Debt issues are on the forefront on Thursday as Pluto — the planet of transformation —aligns with the Moon’s south node in the sign of Capricorn at 3:17 pm EDT. The south node represents what needs to be eliminated, and in Capricorn, that is related to business and government. Pluto is the great eliminator, able to take away in order to replace with something better. It also is associated with debt, so there could be news about debt and the Federal Reserve balance sheet.

Tuesday, April 2

  • Low in Soybeans: Both luminaries make connections with the soybean market’s Sun in the first-trade horoscope that could be culminating; the Sun in opposition and the Moon at a 150-degree tension-filled quincunx. The Moon also is directly opposite the market’s first-trade Mars, as is Venus. Finally, Mercury and Neptune are aligned with the market’s Saturn/Neptune axis. Nearby May continues to have planetary price resistance at $9.12 and $9.38, with support at $9.03 and $8.77. In new-crop November, $9.12 and $9.03 are support areas. Resistance in the November contract is at $9.38, then $9.50 (Ascendant price conversion) and $9.78 (Jupiter).

Friday, April 5

  • High or Low in S&P 500: It’s tough to tell which astrology tale might win out on Friday, April 5. Transiting Venus and Mercury aligned with the S&P 500 index formation Sun argue for a high. But, transiting Sun and Moon conjunct the natal Moon argue for a low. Given that the New Moon in Aries is conjunct the S&P 500 natal Moon, the edge goes toward a low. But the conflict matches recent market activity as the S&P 500 has been straddling a key pivot area for two weeks.

Continue to pay very close attention to the end-of-cycle planetary price conversion levels of 2863-2865 level, which stopped the March 21 (spring equinox) high of 2860. The next-high clusters of planetary price resistance are 2911-2914, then 3010-3011. On the downside, the next lower end-of-cycle support is 2503-2505.

  • High in 10-year T-notes: One of the zodiac’s trigger planets, Mars, connects with two of the most sensitive planets in the first-trade chart for 10-year T-notes on Friday, April 5. Transiting Mars is aligned with Mercury and at a 120-degree angle to Mars. Friday’s New Moon is directly opposite the first-trade chart’s Saturn, providing a double-strength effect. Prices in the nearby June contract backed off from the Moon’s planetary price conversion resistance of 125-01 on March 27, topping at 124-310. The next planetary resistance is at 125-08 (IC) to 125-10 (also Moon), then 126-00 (Mars). Support is at 118-08 (Ascendant).

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

Bullseye!

  • Low in Crude Oil on Monday, March 25: Monday’s low at $58.17 per barrel in nearby May held on a test that reached $58.20 on Thursday. Tuesday’s high of $60.38 is still below the planetary price conversion resistance area of $60.90-$61.00.

Pretty Darn Good

  • High in Euro FX on Monday, March 25: The June contract set its high for week on Monday at 1.14120, and dropped to 1.12875 by Thursday. But, it doesn’t look like much of a “high” on a price chart.

Off the Mark

  • High in S&P 500 on Monday, March 25: Instead of a high, the S&P 500 marked the week’s low at 2785 on Monday. However, the March 21 high of 2860 near important planetary price conversion area 2863-2865, remained unchallenged.
  • Low in Soybeans on Tuesday, March 26: May beans held the $9.00 per bu. level on Tuesday, but dropped 13.5¢ on Wednesday to the week’s low of $8.86.