(06/19/20) Sunday May Produce Major Moves on Summer Solstice

The summer solstice may come in with a bang, says Susan Gidel.

Be on alert for Sunday night’s open to the trading week of June 22-26. That’s because the New Moon/Solar Eclipse—at 0 degrees of Cancer, a world point—occurs early Sunday morning just hours after the summer solstice. Already one of W.D. Gann’s 10 days a year to watch for a change of trend, this summer solstice takes on added importance because of the eclipse, whose surrounding events could have worldwide import.

Interestingly, the eclipse is aligned with the position of Pluto at 0 Cancer in the horoscope of the Fed’s formation in 1913, thus putting a spotlight on the Fed and its role of transformation in world-changing events surrounding this eclipse. Pluto is all about power and transformation, particularly from a deep, hidden perspective.

In Capricorn, Pluto seeks to transform business and government, so clearly the Federal Reserve was founded with this type of intent. This weekend’s eclipse on that point could highlight that long-held role.

This is a difficult eclipse, with characteristics of misjudging situations, illusion, restrictions, inhibitions and restraint. Adding to the flavor of not being able to move forward as normal are that five planets are retrograde in motion—Mercury, Venus, Jupiter, Saturn and Pluto. Neptune joins the retrograde mix on Tuesday, for a total of six, until Venus starts to move forward in direction very early Thursday morning and brings the total back to five.

When Venus turns direct at 2:48 am on Thursday, it ends the 41-day overlap of both Venus and Jupiter retrograde that began on May 14. In the last 50 years, the S&P 500 has ended these overlap periods higher by no more than 1% or lower by as much 11%. Those percentages based on the May 14 close of 2852 would mean the S&P 500 could be between 2880 (up 1%) and 2538 (down 11%).

Pay attention to the crude oil market as Neptune turns retrograde on Tuesday, June 23 at 12:31 am. As the ruler of crude oil, Neptune’s retrograde through November 28 could portend a review of factors behind the $20 per barrel rally since late April, as well as the uptrend itself.

S&P 500 low on Monday, June 22: Pleasant, easy trines from the luminaries to the three most important planets in the first-trade horoscope chart provide support two days ahead of the final overlap day between retrograde Venus and Jupiter, which also could lift pressure on the market. The easy trines include the Moon and Mercury 120 degrees away from the Sun, while the transiting Sun is trine to the market’s first-trade Mercury and Venus. Support exists at the end-of-cycle planetary price conversion levels of 2853-2863.

10-year Treasury note high on Friday, June 26: Both significant axes in the first-trade horoscope chart for this market are activated by transiting planets in the sky. The tightest (and more significant) connection is with transiting Mars exactly conjunct first-trade Venus and opposite first-trade Mars. In addition, transiting Venus is aligned with the Mercury/Uranus axis. In the September contract, prices are between two areas of planetary price conversion levels, with 136-08 on the downside and 142-07 to 143-08 on the upside.

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

Pretty Darn Good

Gold low on Wednesday, June 17: August gold made an interim low at $1,717.30 per oz. and rallied to close at $1,735.60. Support came at the planetary price conversion level of $1, 719 to $1,726. Thursday’s rally extended to $1,749.20.

Off the Mark

Euro FX low on Tuesday, June 16: Euro FX made a high this day, not a low, as Venus was directly opposite first-trade Pluto. September futures peaked at 1.13775 and fell to 1.12080 by Thursday.

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.