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We are entering the summer period where interest and action in the markets and financials in general usually dissipates somewhat. We will continue with the weekly blog posts but the posts will be shorter than usual with a couple of weekends off. I will get back to normal posts in late August.
We have arrived at the 2 weeks in August which should see a reversal in trend or continuation of a move down.
On Aug 11 we have Uranus Retrograde and Jupiter Direct. Remember Jupiter is still in square aspect to Neptune. This still involves illusion / delusion and general questions of reliability.
This may change whatever trend is currently affecting the markets. Allow +- 5 td’s (trading days).
Jupiter Retrograde could be signaling a major turn +- 5 tds. If we are down closer to the date then look for a reversal up. If the market is up then look for a move down. On the SP500 daily chart below, it is possible Aug 5 / 6 was the low. I am looking for the low this coming week.
Also on Aug 11 Uranus turns retrograde. This signature equates to reversals but sometimes quite small.
On August 18 Mars enters Virgo. This often equates to powerful market moves.
For traders, ensure you always have stop loss orders in place. Both buy and sell.
Looking at the above I would say the markets may move lower, possibly to the end of the month or early September. Aug 12 and Aug 19 may both be powerful moves in the markets.
With so many powerful aspects it is difficult to pick one date. The forces of the aspects overlap. It should however, be very volatile where one can make money or lose money fast. This does not mean I’ll answer the many questions I receive. There’s not enough time in the day.
We may get another war but I'm looking at September 9, 2020 and beyond for a major war effort. That day Mars turns retrograde while squaring the conjunction of Saturn / Pluto.
We are entering the 10th week of a new Primary cycle which started on June 3, 2019. In the current situation I am looking for a crest of the 9 week cycle which may have already had on July 26. This would be the ½ Primary cycle crest and down.
Looking at the above summary, I would say the markets may move lower possibly to the end of the month or early September. Aug 12 and Aug 19 (+- 5 tds) may both be powerful moves in the markets. It should be volatile.
The potent Sun/ Mars conjunction will be in orb from now until the end of September. This conjunction has a record of stock market reversals.
Following is an up to date chart of the SP500. I am looking at a low in late August or early September. This may change as aspects unfold in August.
Much of the market’s movement will be due to the extent of the trade wars between China and the US.
Watch the 2958 area for the SP500. On the following chart you can see 2958 is the 23.6% Fibonacci level.
Jupiter square Neptune which we have mentioned numerous times may be the real problem as these planets in aspect can be quite inflationary. This may be pointing to serious financial problems late 2019 or early on 2020.
The Jupiter / Neptune square is still in scope and the effects are still being felt. The Saturn / Pluto conjunction is also still in orb. Both will come back to exact conjunction.
Gold is entering the 11th week of the 18 week Primary cycle. This could be the 9 week cycle trough or ½ Primary cycle crest.
The Jupiter going Direct signature on Aug 11 is often associated with crests in gold prices..
The Uranus Retrograde signature is also more frequently associated with crests in gold.
We may be headed down but also watch for a big range day.
We had the Primary Cycle trough for crude oil on June 5th and are entering the 9th week of a new Primary cycle. Notice the green symmetrical triangle providing support and resistance. Crude price quickly broke the bottom of the symmetrical triangle. I’m looking for crude to move up and gain the lower end of the symmetrical triangle.
I’m looking for crude to find support at the May and June resistance areas. This assumes crude price moves below the boundary of the symmetrical triangle (green).
Crude may be quite volatile over the summer months and into the late summer (i.e. Sept 21, 2019). Obviously, the price of crude will go up if relations with Iran worsen. I’m expecting a rise in crude oil price by the fall timeframe.
Will China buy crude from Iran?
Closer in time crude price may rise short term at Aug 12 where Jupiter turns Direct all +- 5 tds.