May 31, Intraday

Out of copper trade initiated on May 16.

June 1 has a partial Solar Eclipse with a constructive trine to Saturn which is exalted in Libra. The eclipse is in the changeable mutable sign of Gemini pointing to a positive change. However, mercury is forming a waxing square to Neptune which is in it's rulership in Pisces and is almost standing still as it will be going retrograde on June 3, the same day the Mercury square is exact. The Mercury Neptune square may result in a trick or trap for investors or some world event.

I will also be watching June 7 closely as Mercury will be conjunct the eclipse point of 11Gem02 and trine Saturn. This may bolster the call for a June 8 +- crest around the June 8th fib count.

More immediately silver may be about to make a big move but I am not sure of the direction. Following is a daily chart for silver showing the longitude of heliocentric Venus and Jupiter converted to price.

You will see silver prices followed Jupiter (blue line) then broke out late August 2010 then broke out again in early 2011 and followed the Venus line. Heliocentric Venus will be conjunct Jupiter June 1. When the two intersect Silver often makes a move.

May 17 - Intraday

From the past post I should have stayed with May 17 as a low on the full moon which was exact at 7:08 am EDT in New York.

This being the case I'm looking for a move up May 19-23. This will probably lead to a crest in the last week of May / 1st week in June.

Looking for June to be a down month and may be quite severe. Jupiter will be existing Aries on June 4 and the forming Uranus / Pluto square is becoming more exact all month. More on this later.

Following is a daily chart of the SP500 showing time fibs (red) from the high in Oct 2007 to the March 2009 low. Also shown (blue) are the retracement fibs for the same time period.

Assuming we get a bounce in the May 19-23 timeframe I would be looking for a crest between the 76.4% - 78.6% fib retracements. Also assuming the crest would be in close to the June 8th time fib. Looking back they have identified turns fairly well, with the exception of the last one on December 14, 2010.

Week of May 16, 2011

I have been looking for a high near the end of May / early June. I was also looking for a low around the full moon on May 17 +- 1 td, however I’ve changed my mind to May 20-23 for the low due to the confluence of Astros in that time band.

We have had Mercury and Venus doing a conjunction dance for the last week and they are now coming up to both conjunct Mars in the May 20-23 period.

If we did get a pullback around the full moon, May 17, the expected low on May 20-23 could invert.

The last two dates when Mercury and Venus were conjunct Mars are September 2008 and August 25, 1987. Not to say we have a crash directly ahead, but a probable pull back. Contact with Mars are often powerful but in this instance Mars is in Taurus where Mars is in it’s detriment and thus not as powerful as usual.

Venus in Taurus on the other hand is in it’s ruler-ship where it acts with the greatest ease. Amongst a number of things Venus rules copper. Venus enters Taurus on May 15. This may coincide with a rise in copper prices. Following is a daily chart of Teck Resources (TCK). The orange x’s are the last few times Venus transited through Taurus.











The above are all geocentric transits.

On May 19th heliocentric Venus enters Aries which has equated to volatility in many markets particularly currencies.

Following is a 17 month cycle in the US buck. This may rollover into June.











There are, of course, many other Astros of significance like the trines from the Mercury, Venus, Mars conjunction to Pluto and the Sun in waxing square to Neptune.

Using SPY to review the SP500 on a technical basis the following hourly chart shows the SP in a sideways triangle from which it should break up or down close to the apex. We are almost there. Currently the short term MACD has been making lower highs which, if continued points the SP down. Also watching for lower lows.