SP500
For the SP500, cycle-wise we are
entering the 21st week of the
Primary 1
cycle which started on Feb. 2nd 2015. This cycle is
aka, the nominal 18 week with a range of 15 to 21 weeks.
It is possible June 15th was the nominal 18 week cycle low but it was
very shallow. Price was below both the 15 and 45 day sma' and the 15 day sma
was below the 45 day sma. A Primary cycle is usually deeper but we should watch
developments next week. If it is a new Primary it should get bullish fairly
quickly. My work will assume we are in the 21st week of an older Primary. It
should be pointed out there are some favourable aspects next week with Venus
trining Uranus and then Venus conjunct Jupiter. We may see a rise in the
markets early in the week (favorable Greece outcome??) but then we see
some heavier aspects. The end of the month in particular has Venus and Uranus
turning retrograde then Saturn turning direct. This is potentially a momentous
period of change. I'm look specifically at precious metals and perhaps changes
in currency.
At this point, following are the
highs in the US
indexes.
DJIA May 19, 2015
DJTI Nov 28, 2014
SP500 May 20, 2015
NYSE May 21, 2015
RUT Jun 23, 2015
I was looking at 2080, 2066 or 2050 as potential targets
for this Primary cycle trough for the SP500. We did dip below 2080.
From last weeks market letter
"We do have a potent aspect on Monday, that is the
Jupiter trine Uranus aspect. As mentioned this is most often associated with
highs so we may see a rise on Monday but I'm looking for a move down next week.
We will still have the Saturn semi-square Pluto aspect in orb. That's a weak
aspect between 2 strong planets. This is much heavier and more in line with a
falling market, or at least one that is not rising."
Back to this week
So we got the high on June 22nd and
then down the rest of the week. The week ended on a Doji which is indecision.
We also have favourable aspect early next week through July 1st so we may see
some upside before we head further down. That's my main line of thought. If we
continue higher into the following week I'll have to consider the Primary cycle
low on June 15th.
Both the Sun and Mars entered Cancer last week. In mundane Astrology
Cancer rules the general public and can reflect the moods and collective
conscious of a society. When planets travel through Cancer we tend to see
fluctuations of the general mood of the people.
The nominal 18 week cycle low
should be between Now - 07/06/2015 if
it is a normal nominal 18 week cycle as the range is 15 to 21 weeks (see red
line at bottom right hand corner). Subscribers have more exact dates.
Video
The other current cycle we've been
following is the 168 td (trading
day) cycle. Like last week the chart shows two possibilities shown as a blue vertical line (May 26th) and a
black vertical line, coming up (June 18th).
I'm looking at the blue line on May 21st as being the
crest of the 168 td cycle and another indication we should be moving down.
Last weekend had Saturn Retrograde
moving backward into Scorpio on June
14th. Intense Scorpio does not need Saturn. This is happening while Saturn
is almost semi-square Pluto, the two thugs of the Zodiac. This is exact on June 20th and should emphasize
the Saturn / Pluto energies. These two powerful bad guys are in mutual
reception, that is Saturn is in Scorpio which Pluto rules and Pluto is in
Capricorn which Saturn rules. This gives Pluto more support and staying power
in it's role to change banking and money in general. Saturn in Scorpio creates
tension and can effect the emotions in a negative way (depression?) and a
detrimental effect on health. We could see a pandemic or other disease come to
the fore while Saturn is in Scorpio (MERS?).
.
At any rate, Neptune
is in a strong position in Pisces, the sign that it rules. As mentioned last
week this should emphasize events dealing with water, crude and Natural Gas.
Things that Neptune rules.
There are other transits pointing
to a potential stronger move down, reserved for subscribers.
Gold
Gold appears to have put in a put in a Primary cycle 1
trough on March 17th. This was 1 td after the
Uranus / Pluto square. This puts us entering the 15th week of the nominal 18 week during this coming week.
Gold put in a high on Monday May 18th, the same day as
Mercury turned retrograde and then headed down and it is still headed down. Gold
has a Doji on Friday another sign of indecision, perhaps worry about the Greek
decision. The aspects I mentioned at the end of the month are potentially
momentous for precious metals and possibly currencies. Gold could move lower
here and may have seen the top for this nominal 18 week cycle.
We are monitoring another cycle for Gold which will hit in
the summer but reserved for subscribers. That cycle and others with the placement of Jupiter in the summer
may be pointing to a strong reversal in Gold. That is we move down into the
July / August period for a low in Gold from which a large rally commences. More
work needed here. I'm no longer short the Gold miners.
As noted last week, Mercury retrograde has a strong history
of changes in trend for Gold close to the retrograde date. In this case it was
to the day. The direct date also has a history of changes in Gold price.
If we have just seen the crest, Gold should be moving down
from here for a few weeks.
The following daily Gold chart shows the heliocentric Venus
(green) and Jupiter (blue) price lines. Gold broke through both the Venus and
Jupiter price lines then basically went sideways for 3 days with a Doji at the
end.
Crude
This coming week of June
29 we should be entering the 15th
week of a Primary cycle which started Mar
18, 2015.
I'm watching the dates around any Neptune or Jupiter aspects. July
1st has Venus conjunct Jupiter and Neptune
trine Kronos on July 28th. Other Astrological dates are reserved for
subscribers.
Crude appears to have put in a "W" bottom. Since the
shooting star doji on May 6th Crude has been in sideways consolidation. Crude,
like other commodities is being affected by the US $ moves and news out of the
mid-East. I had heard Saudi
Arabia was going to max production which
would push prices down.
As seen on the following chart crude finally dropped away
from the Neptune price line (green) and put in
a Doji on Friday. More indecision.
This post is a little shorter than usual as we finish other
projects.
Other items, more specifics on the SP500, Gold and crude
also US$, NatGas, Coffee reserved for subscribers. At $99.00 for a 6 month subscription, can you afford not to have it?
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purchase.