Oct 24, 2011

The comments will be brief with further comments as the week unfolds.

SP500

I suspect the SP will retrace some of it’s gain’s early this week as it has moved too far, too fast since the Oct 4 low. Friday was the fib 13 from the Oct 4 low but there are a cluster of fib numbers from previous highs and lows most of this coming week. A move back to 1200 would be reasonable.

The SP moved up to the geocentric Neptune price line (light blue) where it is expected to meet resistance.

One could pick almost any day this week but the following have been picked as key dates this week:

Oct 24 Uranus squared Hades with the moon opposing Uranus and the Sun almost trining Hades. It is exact tomorrow.

Oct 26 Super moon and Venus waxing square Mars

Oct 28 Of these dates Oct 28 would appear most significant from an Astro perspective as it has the Sun opposing Jupiter and Jupiter trine Pluto.

It should be mentioned Nov 3 is shaping up to be a powerful day with both Mercury and Uranus just passing into Sagittarius and both trining Uranus. They are both almost on the point of the Nov 25, 2011 solar eclipse as well. It could be one of those dates we remember.

November 2 is the market cycle date I have mentioned in the last few posts.

Gold

Gold and Silver appear to be turning down. There is a Venus waning square to Neptune on Oct 31 which is often found just before more significant downturns in Gold.

Gold may affected by the Nov 3 date as well.

Silver

See Gold for comments affecting Silver as well.

Silver has move down to the heliocentric Jupiter price line where it has gotten support in the recent past. Any significant break and silver could move down quickly. My bet is Gold moves down as well.

Crude

Crude continues in a trading range and needs to close above 90.00 to show signs it is breaking out. If Oct 4 was the 17 month low we should expect a breakout soon.