We are near the end of the period of illusion and delusion that has covered much of June. We'll mark this period officially over with the Sun trining Neptune on June 29th and then Mercury turning stationary direct on July 1st (it will go along a few days as Mercury regains apparent speed).
Now if you thought June was eventful, put on your seat belts, July and the first half of August look should be even more action-packed.
The SP500 is now in it's 21st week of the Primary cycle (nominal 18 week) with a range of 15-23 weeks. This is measured trough to trough and the major
US indexes are
still near their highs. They may be moving down quickly assuming no meddling
from the FED.
Whether this is a long term top, and I think it's a strong possibility, we should be very close to a crest in the Primary cycle and thus do for a reversal to put in an ending trough. We have not started any type of down move but I had expected window dressing for companies going into quarter end. This ends Monday.
Early July has the Sun translating the Uranus / Pluto waxing square again. Much has already been written about the Uranus / Pluto waxing square. Use the search utility on the blog to see write ups on this long term transit. The Sun will be shedding light on the geopolitical and war like activities in a number of countries.
Mid-month we have geocentric Jupiter changing signs into Leo and Saturn and Uranus changing direction.
One message from the above are rapid changes for the geopolitical and financial worlds. Other transits, particularly transits to Eris point, to more strife and discord. Of course this could be pointing to a reversal in the major
DJIA, SP500, NDX etc.
Near the end of the month Venus opposes Pluto, always a strong signature for a market turn and the Sun at 8 degrees Leo which can affect crude or something to do with crude.
For the SP 500 we appear to be getting resistance around 1968. This was challenged on June 4th but has fallen back.
A chart I've shown for some time is the Pluto Price line (blue) and added more recently, the North Node price line (red). If we move sharply below the North Node price line the Pluto price line should act as strong resistance currently around 1877.
A few weeks ago we added the Russell 2000 as it was thought it would be less manipulated. So far this looks true. The Russell is 7 weeks along it's Primary cycle and due for a move down into a trough. A normal pullback would be in the 38.2%-50% retracement as shown on the following daily chart.
That said, the following link is interesting but not surprising and falls in the illusion, delusion time frame.
is the reserve currency of the world, but this is slowly slipping away as more
and more countries are using something other than the US$ for
international settlements. I thought this would take some time but with China and Russia involved this transition may
occur faster than I thought. Worth watching. This may actually benefit US
The following daily US$ chart reflects continued weakening. The FED's money printing policies have not helped. Of course there are many central banks conducting the same monetary policies.
Now Gold may be entering a very positive time. Following up from last week's post we were looking for a move down or sideways move. We got the sideways move. We are now in the 4th week of a new Primary cycle. We would normally get a Major cycle crest in the 2nd to 5th week then down to a trough. The longer it takes the more right translated it will be and therefore the more bullish.
That said each Astrological event has a specific effect of the market under study. In this case Mercury turning direct has a pretty good history of market turns in Gold. Next one July 1st. The subscribers have other dates with a history of market turns in Gold.
Note on the following daily chart for Gold, we are at 1325 or 23.6% retracement of the move down from Oct 5, 2012 to July 1, 2013. A breakthrough of this level will be very bullish. I'm looking for a pullback first but we don't have to have it.
Also note the two previous highs on March 17, 2014 and Aug 28, 2013. Gold must breakthrough these levels for a larger increase to occur.
There are a number of specific dates given to subscribers which very often result in crude prices moving quickly or some other crude related issue (secret deals etc.) At this point watch activities in
Iraq and the export from the US.
We are now in the 9th seek of the Primary cycle and the 4th week of the second Major cycle so we could be getting set for a decline into a Major cycle trough.
The key dates for crude given to subscribers are based on planet movements over specific degrees of the Zodiac. They have a strong connection. These will occur between mid-July through the end of August. One of them has a lot to do with secret, clandestine meetings and deceit.
As mentioned on the last few posts coffee is ruled by Neptune. Note the large swing down in coffee on Friday. There is an important Sun trine Neptune signature on June 29th. Watch coffee on Monday.