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Once
again this post is a little shorter as we work on the May subscribers report.
SP500
For the SP500, cycle-wise I’m looking at March 27th as the Primary cycle
trough and April 13th as a double bottom.
This puts us entering the 7th week of a new Primary cycle. We should therefore be
looking for a pull back into the first nominal
6 week cycle trough. The other possibility would be a ½ Primary cycle (9
week) which would be a couple of weeks out.
We had a descending triangle (green) on the chart. As often
happens price crashed through the upper line of the triangle, in effect gapping
twice. Those gap areas may act as support.
It should be noted Primary cycles (18 weeks) most often
start with a nominal 6 week sub-cycle. The 2nd most common start is a 1/2 Primary or
9 week sub-cycles. The nominal range for
the Primary cycle is 13 to 21 weeks. The recent highs were on March 1st closing at 2,396 in the
SP500 then a high om May 9th at 2,403.87, a new All Time High.
To summarize, I’m looking for a pullback in the short term
to a nominal 6 week or ½ Primary cycle trough. I’m expecting volatility with
both ups and downs but moving forward I’m looking for a low probably mid-June after reviewing the Astrological aspects.
Note the 15 (red) and 45 day (blue) sma’s. Price dropped
below the 15 and 45 day sma’s on March 27 then again in mid-April.
This coming week has some powerful aspects, see below.
One we haven’t shown for some time is the Full moon to New
moon. As noted on the chart:
-
buy 3 days
before the Full Moon
-
Sell 3 days
after the New Moon
This is not 100%. I’ve found it works best in a
non-trending, sideways market.
Another cycle that has been at highs and lows is the 40
trading day cycle *td). Next due May 24th +- 3 tds.
Other Astros coming up this week are:
May 15 North Node on
the position of the August 21 Solar Eclpise
Watch for events
that could lead to open hostilities or a strong geophysical event.
May 18 Venus Shadow
Date
This is the
day Venus returns to the position it help when it went retrograde.
This often
marks a change in trend.
May 19 Saturn waning
trine Uranus
This is the 45 year transit mentioned a number of times with more details sent
to subscribers. This is a 3 pass and
this is the middle aspect.
Saturn / Uranus contacts emphasize
the politics of order and are basically conservative and authoritarian.
This covers the flow of investment
and production in heavy industry. Note, what Trump is attempting in the USA.
This is an aspect to bring out new
ideas, inventions, insights and reforms.
This aspect can also manifest as sudden breakdown of existing structures. In this day and age sudden internet attacks change the status quo.
This aspect also has a strong connection with the Middle East and Israel and Egypt in particular. When looking at Brexit and recent political actions in the USA with the Trump presidency look no further than the Saturn / Uranus trine.
This aspect can also manifest as sudden breakdown of existing structures. In this day and age sudden internet attacks change the status quo.
This aspect also has a strong connection with the Middle East and Israel and Egypt in particular. When looking at Brexit and recent political actions in the USA with the Trump presidency look no further than the Saturn / Uranus trine.
Being a 45 year event it needs a
wide orb, 2-3 months. I’ll watch other aspects to both Saturn and Uranus as
possible triggers.
May 19 Venus
opposition Jupiter
Same day as the 45 year event
above. If the markets are still going up then this should be a good opportunity
to short within 4 -5 days.
May 21 Mercury Shadow
Date
Same as Venus, it is the day
Mercury returns to the position it held when it went retrograde.
The following chart of the SP500 includes the heliocentric
Bradley indicator (blue line). There are three possible change in trend dates,
which maybe the 6 week lows on May 8th,
May 12th
and May 18th.
I continue to watch the 24th
harmonic cycle (360 / 24) cycles for short term turns. The brown squares are
Sun / Saturn 15 degrees on the following daily chart.
The last hit was on May 2nd.
The next hits are May 17 then May 31. Any could be the 6-week
low.
I have added 3 price lines to this
chart.
Saturn - black
Uranus - purple
These price lines can act as
support / resistance. Also on this chart are blue vertical line which is the 24 cd (calendar day) cycle. It has
been at highs and lows.
The date of May 12 is the next 24 cd
cycle.
I brought up the August 21 Solar Eclipse in the May
market letter. This should bring significant events in that time frame. In the
mean time, I will monitor transits that may hit the location of the Solar
Eclipse. An example in this blog is May
15th when the North Node transits over the point of the eclipse.
The path of this very important
Eclipse is seen in the following:
Gold
We put in a low in Gold on December 15th, 2016 which
was the 7.4-year cycle low in Gold
Gold most often starts a Primary cycle with a nominal 6 week
sub-cycle. This Primary cycle appears to be in a classic 3 * 6 week pattern.
Venus turning retrograde is a good signal for a move in Gold and Gold did move
sharply lower at the Venus retrograde. Gold now appears to be rolling over into
the last 6th week cycle which should take
Gold to a Primary cycle low in May / early June.
May 11, 12 and May
19, 22 all +- 2 td’s (trading days).
Gold may have put in the Primary trough on May 9th but not confirmed.
After the Primary low is in I’m looking for precious metals
to start moving up. Beyond technical’s and Astrology, countries like China are
reducing the rate at which they purchase US treasuries. By May / June watch
Gold increase. I am looking at precious
metals being the potential trade of the year.
December 15, 2016 may have been the Gold low we have been looking
for. This puts us in the 22nd week
of the Primary cycle. This looks like the third and last nominal 6 week cycle
dropping into it’s low.
Gold like many markets will be affected by the Astrological
aspects from late March through April. This may push Gold a little lower or add
some restraint in the Spring period.
Gold may be affected by the Venus and Mercury shadow dates which are May 19 and May 21
respectively.
The following chart shows a 27 cd (calendar day) cycle (red
vertical lines) which is next at May 15th +- 2 td’s. Note the MACD
and CCI indicators at the bottom of the chart. CCI appears headed up.
The next chart is a longer term
monthly chart showing the 7.4 year cycle in Gold. They are the red vertical
lines. Note that the 7.4 year cycle put in a low in late 2015. We are now in a
pull back but we are very early in the 7.4 year cycle which should be bullish
in the long term.
Crude
We has March 22nd
as the Primary cycle low but it appears we were a little early. I’m now looking
at the spike low on May 5 as the Primary
cycle trough but not confirmed. appeared to be the Primary cycle low for
crude, although not confirmed
There have been a number of aspects involving Jupiter and
Neptune, the co-rulers of crude. There have also been aspects to Pluto which
rules all things from the ground.
We will have to watch price action over the next couple of
weeks. Remember we had Mars transits to both Jupiter and Neptune this week.
The blue horizontal lines are the average longitudes of the
planets Jupiter, Saturn, Uranus, Neptune and Pluto converted to price. They
should act as good support / resistance areas and did so for 4 days around May
5th the spike low.
Note how the move down stopped close to the blue line and bounced
off it.
I'm watching
all aspects to Jupiter or Neptune,
the two rulers of crude. Crude can also be effected by Pluto as it rules
“things from the ground”. Pluto turned retrograde on
April 20th,
in the middle of the move down.
Following is a daily chart of crude
showing the price lines for the Sun
(green) and Pluto (black). Note that recent move down stopped near the
Pluto Price Line On May 4th then had a big range day on May 5th.
It is now up to the next Pluto price line and I’m watching for a break through
or will it find resistance? We may see price move up the green Price Lines
(Sun) and then follow it up.
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