SP500
From the Feb 16th post "we are entering one of the
most dangerous periods of the year. We have significant dates stretching
from late February to late April 2014."
From the Feb 9th post "from February to late
April 2014 could see increases in earthquakes and volcanic activity. Social
unrest, resistance and war or rumors of war could also be on the agenda. The
likelihood of these events increases in April 2014."
If you have read the news, the events speak for themselves.
In case you missed the geophysical activity last week, following are the recent
earthquake events and their size.
Japan 6.3
Watch for more as we approach mid-April to late April.
The main stream media has been focused on events surrounding
a disappearing airline. What's happening in Crimea
is an historical event, however, by enlarge the media is covering other events.
Israel
is being hit by a large number of bombs, at least that's what is being
reported. Where's Walter Cronkite or Harry Reasoner when you need them.
Perhaps the main stream media is following this news covering model.
Perhaps the main stream media is following this news covering model.
This coming week there is an FOMC meeting, Yellin's first as
chair. I'm assuming nothing much will change. The minutes are reported at
2:00pm on March 19th.
There is an interesting time fib coming up on March 18th.
From the low on Oct 10, 2002 to the low on March 6, 2009
was 2,339 cds (calendar days). If you multiply 2339 by the key Fibonacci
percentages (38.2%, 50%, 61.8%, 78.6%) you will find 2,339 * 78.6% = 1838
March 6, 2009 + 1,838 = March 18, 2014. Give it +- a couple of days.
Watch this closely particularly since it is so close to the Sun
ingress into Aries.
I've mentioned the T-square and the forming Grand Square a few
times. The Grand Square
should start to be felt in early April. It will be a period of great tension
both at the geopolitical and personal level. This is a war aspect and tension
in general. I look at the last two weeks of April being particularly stressful.
From a financial point of view debt could be the source of many of the
problems.
Since Pluto is involved there may be deceit and cover-ups
regarding financial decisions, where we will not find out the details of
decisions made for some time afterwards.
The end of the week could mark a short term turn with the
Sun changing signs into Aries on March 20, Mercury returning to the position it
held when it started it's retrograde period on Feb 6th. On March 22 the North
Node enters Libra. The latter should have a long term effect which I will
expand on for subscribers. To summarize, March 19-24 may mark a short term
bottom.
http://www.trading-daze.blogspot.ca/2013/12/2014-offer-key-dates-1st-half-of-2014.html
http://www.trading-daze.blogspot.ca/2013/12/2014-offer-key-dates-1st-half-of-2014.html
Have we seen the top? It's possible March 7 was the top. This is one day after Jupiter turned direct. Since this is only the 6th week of the Primary cycle (nominal 18 week) this would be very left translated and therefore quite bearish. Watch price action over the next few days. We want to see lower highs and lower lows.
The retracement levels on the following daily chart are based on the move up from Feb 5th. Such moves often end in the 38.2% to 61.8% area. This may mark a short term low from which the SP500 bounces and this may be later this week.
Gold
Gold is now 11 weeks along it's Primary cycle. Gold did
spring up on March 12 one day before the date we had estimated based on
heliocentric Mercury entering Sagittarius.
On the following daily chart for Gold we can see Gold price
are above the 15 dma and 45 dma and both are pointed up. This is bullish. The
fact that we are 11 weeks into the Primary cycle without a significant down
move should mean we are due for a 1/2 Primary crest and then down. Watch this
closely.
The heliocentric Venus / Jupiter price line chart may be
coming back into focus. On the following daily chart we see Gold price has gone
up from one Venus price line (green) to the next and has just crossed a Jupiter
Price line (blue).
I do have a 7th harmonic signal which points to March 18 for a possible turn (give this
+- 1 td (trading Day). I'll be looking to sell or hedge my Gold holding early
next week. Making predictions like this with a potential war in the offing is
very difficult. I'll follow this closely on Monday it should be very volatile.
If the situation in Crimea heats up I will
hold until Tuesday and take it day by day. Wednesday is also the next FOMC
minutes which could move many markets.
Crude
We are now 10 weeks along the Primary cycle. Unlike Gold we
have had a move down to the 50% retracement area for the last move up. We are
in a position where this could start moving up again. There was a so-called
test release from the US
strategic oil reserve last week which had a role in crude's move down. I'll be
watching world events and Crude price closely next week as it looks like it may
role over.
Any moves by Russia to withhold gas or crude will change our outlook. If the US changes it's energy policy allowing crude or gas shipments to Europe also negates the above outlook.
Any moves by Russia to withhold gas or crude will change our outlook. If the US changes it's energy policy allowing crude or gas shipments to Europe also negates the above outlook.
US$
The US $
has been heading down. The 9/18 month cycle is due to bottom in May 2014 (green
line on the following weekly chart). Give this a broad window. There is also a
38 month low cycle due in June 2014 (brown line on the following weekly chart).
These cycles make a powerful case for a US $ low in the May / June time frame.
Considering the upcoming grand square, which may have a lot
to do with debt, the US $
may be negatively affected by the grand square in the April time frame, April 14-30. The result may be the US $ low is
forwarded to the April time frame.
On a shorter time frame the US $ may be affected by the 7th
harmonic signal which points to March 18
that I mentioned under Gold above.
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