SP500
Following along from the July 24 post the
SP did turn up on July 26 on the Venus quintile Uranus aspect.
I continue to watch aspects leading into
the week of August 6 where there are 2 very long term transits noted in bold
below. Long term transits can be in affect many weeks or months.
Aug
7 Pluto opposition Kronos (Kronos is a Uranian point)
Aug 8 Mercury truns direct
Aug 9 Venus conjunct Hades (Hades is a
Uranian point)
Aug 9 Venus trine Neptune
Aug
9 Neptune trine Hades.
Long term transits like these need a faster
moving planet to set them off. In the case of Neptune
trine Hades, Venus is translating the aspect, thus we may see some results in
the week of August 6. Besides the stock market the Neptune
trine Hades may be signalling major water, oil or gas pollution or a gaseous
chemical spill or attack. Nothing much good comes from Hades contacts other
than there may be some new antiquities found in this case something to do with
or under water. This could signal an event which is detrimental to the markets
and we would be looking at a high which may last for some time.
As an interesting note, when I was
researching the Neptune Hades trine I found the last trine was in April 1909.
On further review I found the Anglo Persian Oil Company was formed in London on April 14, 1909.
On that date Neptune was in exact square to Saturn. Neptune
rules oil.
Aug 8, 9 is 89 td from April 2 top and 55
td from May 18 low. This is a time period for a change in trend. At this time
I’m looking at July 24 as being the trough for the 1st Major cycle
(nominal 6 week) of the Primary cycle (nominal 18 week) which started on June 4th.
If this is the case the week of August 6 would only be 3 weeks along the 2nd
Major cycle. I will need to watch the price action and technicals to watch for
a turn. If it is a world event there typically will be no warning in the
markets.
Pluto in opposition to Kronos has no faster
moving planet to set it off during the week of Aug 6. This may have a more
positive effect anyway. The Moon does conjunct Pluto tomorrow, July 30, so
watch for some possible action at that time. This would be a great signature
for excellence in sporting events for the Olympics. The case mentioned above
about a chemical spill or attack…not so much.
Gold
Gold broke to the upside of a triangle but
not by much. Nevertheless it looks slightly more positive but need to start
making higher highs and higher lows. The first hurdle is the July 3 high. PM’s
will look bearish if Gold fails to take out the July 3 high and more bearish if
it breaks the bottom of the triangle it just exited.
From the July 24 post we may have more upswing here, after the fib 233 td from the Aug 23, 2011 high.
From the July 24 post we may have more upswing here, after the fib 233 td from the Aug 23, 2011 high.
Crude
We are 5 weeks along from the Primary cycle
trough in crude and may have had the Major cycle crest on July 19. We either
just had the Major cycle trough but my bet is it is ahead of us thus we should
see a pull back in crude. Once the trough is in Crude could turn more bullish.
The August 9 date with Neptune prominent could
be the trough in crude.