- Our first half 2017
forecast dates are available
- Subscriptions include the forecast dates and a monthly Market letter with
- Subscriptions include the forecast dates and a monthly Market letter with
eMail alerts for imminent trading opportunities
-We do not use negative option billing nor do we sell email addresses
-We do not use negative option billing nor do we sell email addresses
Our posts are now reported on the
highly regarded FXStreet.com.
The next 1/2 year Forecast Dates are available
for purchase.
(January,
1 2017 - June 30, 2017)
Subscribers
receive 6 months forecast no matter when they sign up.
Once
again this post is a little shorter as we work on the May subscribers report.
SP500
For the SP500, cycle-wise I’m looking at March 27th as the Primary cycle
trough and April 13th as a double bottom.
This puts us entering the 9th week of a new Primary cycle. We got a 7 week
pullback which should mark the first nominal
6 week cycle trough. The other possibility would be a ½ Primary cycle (9 week) which would be 1 to 2 weeks out.
We had a descending triangle (green) on the chart. As often
happens price crashed through the upper line of the triangle, in effect gapping
twice. Those gap areas may act as support. Note price moved down and bounced
close to where the arms of the descending triangle met.
It should be noted Primary cycles (18 weeks) most often
start with a nominal 6 week sub-cycle. The 2nd most common start is a 1/2 Primary or
9 week sub-cycles. The nominal range for
the Primary cycle is 13 to 21 weeks. The recent highs were on March 1st closing at 2,396 in the
SP500 then a high om May 25th at 2,418.71, a new All Time High.
I’m expecting volatility with both ups and downs but moving
forward I’m looking for a low probably
mid-June after reviewing the Astrological aspects.
Recently we have had the 45 year aspect Saturn waning trine
Uranus on May 19, the Venus opposition Jupiter on May 19 and Venus square Pluto
on May 25th. The 45 year aspect requires a wide orb but the other
two have a strong affiliation with cycle turns within 6-8 days. I’m expecting a
high at any date and then a move down either next week or mid-June.
Note the 15 (red) sma and 45 day (blue) sma are both above
price. Also note on May 25 and 26th price was stopped at the Saturn
(black) price line.
Another cycle that has been at highs and lows is the 40
trading day cycle (td). Next due May 24th +- 3 tds.
Other Astros coming up this week are:
May 29 Mars
opposition Saturn (US markets are closed).
Can effect
a change in trend given a broad orb +- 11 td’s.
June 1 Venus trine
Saturn
June 3 Venus conjunct
Uranus
June 3 Venus trine North Node
Later this month we will have Jupiter turning direct and
Neptune turning retrograde. These are within 5 td’s of each other and could be
signaling a powerful change in trend. These are the two co-rulers of crude. We
could see a change in trend in crude at the same time.
The following chart of the SP500 includes the heliocentric
Bradley indicator (blue line). There were three possible change in trend dates,
which may have been the 6 week lows. Coming
up we have potential turn dates on
May 26th
and late May, early June.
I continue to watch the 24th
harmonic cycle (360 / 24) cycles for short term turns. The brown squares are
Sun / Saturn 15 degrees on the following daily chart.
The last hit was on May 17th, the big move down.
The next hits are May 31 then. June 15th. Any
could be the 6-week low.
I have added 3 price lines to this
chart.
Saturn - black
Uranus - purple
These price lines can act as
support / resistance. Also on this chart are blue vertical line which is the 24 cd (calendar day) cycle. It has
been at highs and lows.
The date
of June 5th is the next 24 cd cycle.
May 12 was the day the general population became aware of the Cyberwar that's been going on for some time.
Note the references to May 12th above and the Mars waxing square to Neptune on
May 11th.
I brought up the August 21 Solar Eclipse in the May
market letter. This should bring significant events in that time frame. In the
mean time, I will monitor transits that may hit the location of the Solar
Eclipse. An example in this blog is May
15th when the North Node transits over the point of the eclipse.
The path of this very important
Eclipse is seen in the following:
I added the chart of Iran to this post. The center circle is the Chart for Iran when the Ayatollah Khomeini returned to Iran. The outer circle is the planetary position for May 20, 2017.Note the square between the natal Pluto and transiting Pluto. Also note transiting Mars is trine natal Pluto and transiting Mars is quintile transiting Pluto.There is going to be trouble in Iran in the next few months. July / August may be it.
Gold
We put in a low in Gold on December 15th, 2016 which
was the 7.4-year cycle low in Gold
Gold appears to have put in a Primary cycle low on May 9th, but not confirmed.
If we look at the older cycle it is 24 weeks along putting more emphasis on the
May 9th low which would put us in the 4th week of a new Primary cycle.
Gold most often starts a Primary cycle with a nominal 6 week
sub-cycle. Watch Monday +-, the Mars / Saturn opposition often signals a short
sharp move both up or down.
Later in the week we have 2 aspects with a history
of change in trend for Gold. These are June 3, Venus conjunct Neptune and June
4th Sun square Neptune.
As mentioned many times we often get a pullback 2 to 3 weeks after starting a new Primary cycle.
After the Primary low is in (remember it is not confirmed)
I’m looking for precious metals to start moving up. Beyond technical’s and Astrology,
countries like China are reducing the rate at which they purchase US
treasuries. By May / June watch Gold increase. I am looking at precious metals being the potential trade of the year.
Gold like many markets was affected by the Astrological
aspects from late March through April. This may push Gold a little lower or add
some restraint in the Spring period.
From last week. “Gold
may be affected by the Venus and Mercury
shadow dates which are May 19
and May 21 respectively”. The
trend changed from up to flat.
The following chart shows a 27 cd (calendar day) cycle (red
vertical lines) which was at May 15th +- 2 td’s. Note the MACD and
CCI indicators at the bottom of the chart. CCI appears headed up. The next one
is June 12th.
The next chart is a longer term
monthly chart showing the 7.4 year cycle in Gold. They are the red vertical
lines. Note that the 7.4 year cycle put in a low in late 2015. We are now in a
pull back but we are very early in the 7.4 year cycle which should be bullish
in the long term.
Crude
We had May 5th as
the Primary cycle low. This puts us in the 4th week pf the new Primary
cycle. Remember our rule just covered under Gold above. At the start of a new
Primary cycle we often get a pullback 2
– 3 weeks along.
There have been a number of aspects involving Jupiter and
Neptune, the co-rulers of crude. There have also been aspects to Pluto which
rules all things from the ground.
Coming up in June we have Jupiter turning Direct and Neptune
turning retrograde within 5 td’s of each other. Both are co-rulers of crude.
The blue horizontal lines are the average longitudes of the planets Jupiter, Saturn, Uranus, Neptune and Pluto
converted to price. They should act as good support / resistance areas
.
Note how the move down stopped close to the blue line and bounced
off it.
I'm watching
all aspects to Jupiter or Neptune,
the two rulers of crude. Crude can also be effected by Pluto as it rules
“things from the ground”. Pluto turned retrograde on April 20th,
in the middle of the move down.
Following is a daily chart of crude
showing the price lines for the Sun
(green) and Pluto (black). Note that recent move down stopped near the
Pluto Price Line On May 4th then had a big range day on May 5th.
On May 25 price moved up to the Sun price line then moved down sharply. Almost touching
the Pluto price line.