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.