Tuesday, November 20, 2012

November 20, 2012

The bounce may be over. Note the SP500 is once again at the 78.6% retracement.


Watch this area. It may go above the 78.6% retracement slightly. If it goes through with strength, substantial volume. then it could get back to the 127.2% area but I doubt it.

There are some tough astrological events right ahead. I'll post on Thanksgiving as it is not Thanksgiving where I am.







2 comments:

  1. Would 23 nov the mars uranus conjunct have an impact on markets? Also next week 27 nov is significant its a turning date on the gann square of 9 close to full moon anc mercury retrograde direct

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  2. The short answer is yes. See my latest post. Mars will be translating the Uranus / Pluto square with a number of other factors. I look at it as volatile but down. This is somewhat confusing because the market cycles look generally to be pointed up. After a pull back I think we'll bounce again.

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