The May 20th eclipse does not appear to have had any great effect at this point. The markets did move on Monday May 21st but little else. The effect of eclipses can hang around for many months. Two immediate dates are May 24 when Mercury transits over the eclipse point and June 12/13 when Jupiter does the same.
In the meantime it appears the stock market is taking off after a slide for most of May to this point.
The SP500 is either starting a ½ Primary cycle (8-11 week) if this is the 11 week cycle or the first major cycle trough (5-7 week) if this is the 6 week cycle. It all depends when the last primary cycle bottomed March 6 or April 10. April 10 looks stronger but I don’t know at this time.
Regardless these are fairly short term cycles but the short term trend should be up for a couple of weeks. Watch for reversals around June 4 and mid-June.
There were rumours today of QE 3 but we best stick to cycles and not rumours. It appears this forecasting task is difficult enough.
This reversal occurred very close to the 78.6% retracement from the May 2, 2011 high to the Oct 4, 2011 low.
Gold and Silver
Gold and Silver appear to have made primary cycle lows on May 16 although today’s action was almost non existent. If the QE 3 or equivalent rumours persist the precious metals should move up quickly. Looking more intermediate term the PM’s have a lot of work ahead of them if they are going to turn around a rather negative outlook. They simply must start making higher highs and higher lows if this cycle is going to last.
Crude is in the 16th week of it’s primary cycle. A low is due at anytime.
Coming up we have the Sun square Neptune on May 23. In addition there is heliocentric Venus opposing Jupiter on the same day. Both these signatures have a history of turns. I'm going to assume we have just seen the turns which they represent. Nevertheless watch May 23 closely.
Another signature Venus quintile Uranus on May 30 has been a signature for down turns over the past two years.
June has many astrological signatures. It's start with a Lunar eclipse which is also a perigee Moon. On the same date Neptune turns retrograde and the next day, June 5th Venus occults the Sun, a rare event.
I also have a 70 td cycle in Silver on June 1st. June 1 is also fib 1.618 of the move down from April 25, 2011 to Sept 26, 2011.