Both Mercury and Venus will be on the point of the Nov 25th Solar Eclipse tomorrow Nov 4th. As I've stated before this eclipse has both positive and negative aspects. I've gone back and looked at the days the moon had been on this point (see the following chart of the SP500, red dots are the moon on the eclipse point). I think this will have a negative effect on the markets even though market cycles are currently positive.
If the markets get by this date flat or up there are two aspects next week;
Nov 7 Mars opposition Neptune
Nov 9 Neptune stationary direct.
These aspects should have a negative effect on the markets and we may hear of other illegal or dishonest activity (i.e MF Global). They are one day away from Chiron going direct, Mars changing signs and a Full Moon.
I'm looking at these aspects to be negative for Gold and Crude as well as the general stock market.
Yeah, and this expected pullback - based on astros - lines up nicely with technicals. For example, Gold has a massive overhead resistance zone ranging approx. 1765-1777, while crude has been trying in vain to clear the $95 level.
ReplyDeleteAnd with all that financial mess going on in the world, I don't think the US or other indices could provide support for a breakout. (SP500 resistance at 1274 -> 200DMA etc.)
So it seems a good risk/reward entry point for a short. That said, I wouldn't be surprised to see a spike-up tomorrow on the NFP (fake) number, but that should be considered an exhaustion move and sold heavily...
Ahhh fake number. It would appear you believe the markets are filled with dishonesty and chicanery. Me to.
ReplyDeleteOh sorry, my post might have sounded a little cynical.
ReplyDeleteEr, in fact I mean the markets are based SOLELY on this supply/demand thing..
And words like 'headfake, fake-out, shake-out, false spikes, phantom bars, fake prints, flash crashes, stop-hunting etc.'... well, they only exist in your imagination, being nothing more than citations from fairy tales...
LOL