The following chart was first shown in a March 11, 2012 post. The fib retracements are from A to B and then taken off point C. I'm expecting a few more light volume days generally up into July 6th or 9th. The fact that they should be light volume also implies they could be very volatile. Tomorrow is a full Moon with the Moon close to a conjunction with Pluto. The latter has had many big range days.July 6 has Mars square Hades, a Uranian point. There could be a pull back the following week but I expect the general markets to trend up after this pullback. If at any time the market pulls back to and through the 78.6% retracement as seen on the following daily chart of the SP500 I will be selling and possibly shorting the SP500.
Gold
It appears Gold has just put in a Major cycle trough (6-7 weeks) and should have a few days of upside at least. PM's have a lot of work to start making higher highs and higher lows. Gold looks like it will make a short rebound here and then head down once again.
Crude
Crude appears to have just put in a Primary cycle low (nominal 18 week) and should have some upside, however there are a lot of geopolitical events and supply / demand issues that may impede crude on making much progress to the upside.
The week of July 16 brings Mars to the forefront and in fact may be signatures signalling violence or war or simply putting more energy into the on-going political and debt problems.
For whatever reasons crude prices seem to be reacting to Uranus so watch July 13 as Uranus turns retrograde.
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