Next week’s global economic reports from Fawad Razaqzada....
Debt Markets Under Review
04/19/2019 9:26 am EST
The stars are forecasting lows in gold and the S&P 500, a high in soybeans and a shift in debt markets in the week ahead, according to Susan Gidel.
The biggest astrological shift this week is that Pluto turns retrograde in motion on Wednesday, April 24 at 2:48 pm EDT. Pluto rules the debt markets, so a review of current policies and structures for both portfolios and the Federal Reserve is in order during the retrograde period, which ends on Oct. 3. Retrograde is when a planet appears to be moving backward in the sky, so is not operating with peak energy. It is a time to do things that start with “re,” e.g., review, reorganize, reconsider.
In regard to the climate change issue, expect the unexpected from world leaders on Monday, April 22—the 49th annual Earth Day. The Sun and Uranus make an exact conjunction in the sky at 7:07 pm EDT in the Earth sign of Taurus, indicating a rare alignment that supports radical change in issues involving Mother Earth.
Monday, April 22
- Low in Gold: Look for a potential minor low in gold prices as four planets in the first-trade horoscope chart not typically in play at times of important trend changes are activated by transiting planets. First-trade Mars and Neptune are both being hit by the transiting Moon, which is conjunct, and transiting Mars, which is opposite. The Sun and Uranus are opposite the market’s first-trade Uranus, while Venus and Mercury are opposite first-trade Pluto. Look for support at the Pluto planetary price conversion level of $1,269 per oz.
- Low in S&P 500: Transiting planets form two “T-squares” with planets in the formation horoscope chart of the S&P 500 index from 1957 that are associated with market lows, most importantly, the Sun and Uranus. First, transiting Mars is opposite first-trade Saturn while the transiting Moon is aligned; both Mars and the Moon are square to the S&P 500’s natal Sun. Second, transiting Sun and Uranus are exactly opposite natal Neptune and square to natal Uranus. Look for support at the critical cycle-ending planetary price conversion level of 2863-2865. On the upside, resistance is at 2911-2914 and 3010-3011.
Friday, April 26
- High in soybeans: The transiting Sun and Mars each activate a significant two-planet alignment in the first-trade soybean horoscope chart, one for lows and one for highs. Mars activates the market’s natal Moon/Jupiter opposition by conjoining the Moon, the most important planet in identifying market lows; this conjunction occurs just once every two years. Meanwhile, the Sun activates the market’s natal Venus/Uranus opposition with its annual conjunction with Uranus. Planetary price resistance is at $9.03-$9.12 per bu., then $9.38 and $9.50. Support is at $8.73-$8.75.
Last Week’s Scorecard (through Thursday’s close)
- Low in 10-year T-note on Wednesday, April 17: The June contract made a low at 122-20.5 as its important first-trade Venus/Mars opposition was activated by Mercury, Venus and the Moon. Thursday’s rally hit 123-07.5.
Pretty Darn Good
- Low in Crude Oil on Monday, April 15: The June contract made a low on Monday at $63.20 per barrel, slightly higher than Tuesday’s low at $63.15, as the Sun aligned with the first-trade horoscope’s Mars position. Both lows were within 30¢ of planetary price support at $62.30 to $62.90.
Off the Mark
- Low in Euro FX on Monday, April 15: This was more of a high, not a low, as the June contract topped at $1.13815 on Monday before the big downdraft on Thursday, April 18 to $1.12795. Still, Monday’s high was at planetary resistance of $1.13600 to $1.13800.
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.
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 “Market Analysis with Astrology” for further information. Susan Gidel, editor of the Red Letter Trading Days newsletter.
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