For the SP500, cycle-wise we are entering the 20th week of the Primary 1 cycle which started on Feb. 2nd 2015. This cycle is aka, the nominal 18 week with a range of 15 to 21 weeks.
Being the 20th week, May 20th appears to have been the crest and we are headed down into the nominal 18 week cycle trough. At this point, following are the highs in the
DJIA May 19, 2015
DJTI Nov 28, 2014
SP500 May 20, 2015
NYSE May 21, 2015
RUT Jun 18, 2015
On the above chart we had mentioned
Neptune turning retrograde (turned
on June 12th) is often associated with double tops and double bottoms. The lows
on June 9th and June 15th in the SP500 are good examples of a double bottom.
On the above chart price of the SP500 did dip below the 15 and 45 day sma's and the 15 day sma was briefly lower than the 45 day sma. This could be read as a very shallow Primary cycle trough. Bear that in mind over the next couple of week. I think we should see the SP500 index lower for the final trough.
I was looking at 2080, 2066 or 2050 as potential targets for this Primary cycle trough for the SP500. We did dip below 2080. We do have a potent aspect on Monday, that is the Jupiter trine Uranus aspect. As mentioned this is most often associated with highs so we may see a rise on Monday but I'm looking for a move down next week. We will still have the Saturn semi-square Pluto aspect in orb. That's a weak aspect between 2 strong planets. This is much heavier and more in line with a falling market, or at least one that is not rising.
From last weeks market letter
"I'm expecting the major
indices to move down. This may have started on May 20th for the SP500. We may
have seen the bounce I was expecting with US Neptune
turning Retrograde and now we move down into the nominal 18 week and 168 td
cycle troughs. This is my preferred outlook. The FED may step in and juice the
market higher but the Astros are pointing down.
One other option is we bounce and go up into the June 22 area where we have Jupiter trine Uranus. This aspect has a history of occurring near tops. This is not always the case. For example Jupiter trine Uranus occurred near the bottom of the October 1987 crash."
Back to this week
So we got a low on June 15th, the day after Saturn entered Scorpio. Saturn is about restrictions and discipline while Scorpio is about other peoples money, illness, crime and abuse. Other peoples money covers banking, stock markets, insurance, accounting and financial services. This may take a couple of weeks to develop, but there may be an initial shock. Watch bonds and watch out.
Both the Sun and Mars will enter Cancer this week. In mundane Astrology Cancer rules the general public and can reflect the moods and collective conscious of a society. When planets travel through Cancer we tend to see fluctuations of the general mood of the people.
The nominal 18 week cycle low should be between Now - 07/06/2015 if it is a normal nominal 18 week cycle as the range is 15 to 21 weeks (see red line at bottom right hand corner). Subscribers have more exact dates. There are other indications for a move down, as seen below.
The other current cycle we've been following is the 168 td (trading day) cycle. Like last week the chart shows two possibilities shown as a blue vertical line (May 26th) and a black vertical line, coming up (June 18th).
I'm looking at the blue line on May 21st as being the crest of the 168 td cycle and another indication we should be moving down.
I'm looking for continued strife and discord. This could include social unrest, police shootings, accidents. Water and crude have been in the news and should continue with the emphasis on
Neptune in it's own sign, Pisces and Mercury, also in
it's own sign of Gemini, a mutable air sign.
Last weekend had Saturn Retrograde moving backward into Scorpio on June 14th. Intense Scorpio does not need Saturn. This is happening while Saturn is almost semi-square Pluto, the two thugs of the Zodiac. This is exact on June 20th and should emphasize the Saturn / Pluto energies. These two powerful bad guys are in mutual reception, that is Saturn is in Scorpio which Pluto rules and Pluto is in Capricorn which Saturn rules. This gives Pluto more support and staying power in it's role to change banking and money in general. Saturn in Scorpio creates tension and can effect the emotions in a negative way (depression?) and a detrimental effect on health. We could see a pandemic or other disease come to the fore while Saturn is in Scorpio (MERS?).
At any rate,
is in a strong position in Pisces, the sign that it rules. As mentioned last
week this should emphasize events dealing with water, crude and Natural Gas.
Things that Neptune rules.
There are other transits pointing to a potential stronger move down, reserved for subscribers.
In summary It is possible the nominal 18 week cycle put in a very weak ending trough this week but I'm looking for an additional move down. We may have seen the bounce (double bottom) I was expecting with
Retrograde and now we should move down into the nominal 18 week and 168 td
cycle troughs. This is my preferred outlook. I'll ignore the FED's actions.
Remember the aspect on Monday and we could get a big move that day or close by.
The Jupiter trine Uranus aspect has more often been seen at tops but there have
been instances where it marked a bottom or very close by a bottom.
We are looking for longer term cycles, 4 and 6 year, to end this year or 1st quarter 2016. The 4 year should end at a Primary cycle low which may be distorted. The 6 year may end there as well. The troughs for the 4 and 6 year cycles will be much deeper. There are other cycles coming due in the first half of 2015 which are reserved for subscribers.
Gold appears to have put in a put in a Primary cycle 1 trough on March 17th. This was 1 td after the Uranus / Pluto square. This puts us entering the 14th week of the nominal 18 week during this coming week.
Gold put in a high on Monday May 18th, the same day as Mercury turned retrograde and then headed down and it is still headed down with one big up day on Thursday then a tight Doji on Friday, a sign of indecision and potentially down.. Gold could move lower here and may have seen the top for this nominal 18 week cycle. May 18th may have been the crest of the nominal 18 week cycle. This was also 2 td's from the time Fib of 2.618 noted on previous posts. This was based on the move down in Gold from October 2012 to June 2013.
We are monitoring another cycle for Gold which will hit in the summer but reserved for subscribers. That cycle and others with the placement of Jupiter in the summer may be pointing to a strong reversal in Gold. That is we move down into the July / August period for a low in Gold from which a large rally commences. More work needed here. I'm still short the Gold miners.
As noted last week, Mercury retrograde has a strong history of changes in trend for Gold close to the retrograde date. In this case it was to the day. The direct date also has a history of changes in Gold price.
If we have just seen the crest, Gold should be moving down from here for a few weeks, potentially a couple of months. With the Astrological aspects Gold may be very volatile, like the main market indices.
The following daily Gold chart shows the heliocentric Venus (green) and Jupiter (blue) price lines. Gold was moved up on Thursday after testing the Jupiter price line (blue) for a few days. The Doji on Friday means indecision.
This coming week of June 22 we should be entering the 14th week of a Primary cycle which started Mar 18, 2015.
I'm watching the dates around any Neptune or Jupiter aspects. June 22nd has the very strong Jupiter trine Uranus aspect and June 23rd has Mercury square
Neptune. Like stocks
and Gold, crude could be very volatile for the next few weeks. For example May
29th had Mercury waxing square to Neptune.
There was almost a $3 swing up on Friday.
Other Astrological dates are reserved for subscribers.
Crude appears to have put in a "W" bottom. Since the shooting star doji on May 6th Crude has been in sideways consolidation. Crude, like other commodities is being affected by the
US$ moves and news out of the
mid-East. I had heard Saudi
Arabia was going to max production which
would push prices down.
As seen on the following chart the
price line (green) continues to provide resistance to any upward move in crude.
Other items, more specifics on the SP500, Gold and crude also US$, NatGas, Coffee reserved for subscribers. At $99.00 for a 6 month subscription, can you afford not to have it?
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