For the SP500, cycle-wise we are entering the 12th 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.
From last weeks blog and letter.
I'm looking for a potential bounce early in the week and then further down.
April 19 Venus waxing square Neptune
(Nominal 6 week cycle often culminate close by this signature)
April 21 Mars waxing trine to Pluto
(This signature has more of a history with Primary cycle turns. Since this is the 11th week of the Primary it is not in range for a trough. This may be pointing to a crest in the current Primary cycle or the 2nd nominal 6 week cycle which is entering the 6th week. It should be pointed out this signature has more of a history with trough's than crests)
We got the bounce early in the week but the move further down we have been expecting has not arrived. This coming week we have the FOMC meeting which should end with a release at 2:00pm on April 29th.
Assuming the FOMC meeting will be dovish, they have been dovish for along time, and put off rate increases to a meeting down the road. This could only be interpreted as bullish for the major market indices.
There is one market cycle due this week but it is reserved for subscribers. That cycle and the Saturn / Uranus aspect noted below should have the greatest effect on market trend over the next 2 weeks.
Although there are no major Astrological exact aspects or events this week that would point to a reversal in trend. The short term trend is up. There are two minor exact aspects that could effect the short term trend as follows:
April 29th Mars quintile
April 29th Sun sextile
Also Mercury will transit over the point of the March 20th Solar eclipse on April 30th.
The points raised on the Total Solar eclipse of March 20th are in effect for 3 to 6 months. That Solar eclipse should stress relationships between
Europe and the USA.
It's pointing to conflict. Also, the last time there was a Solar Eclipse in
aspect to the World Point was June 21, 2001, at 0 degrees Cancer approx. 1 1/2
months before 9/11.
Of more importance there is a longer term transit that is exact the week of May 4th which is already in orb, that is Saturn sesquisquare (135 degrees) Uranus. These can be looked at as two of the most powerful planets in the zodiac. This has the potential for sudden change or events in many fields over a longer period of time. Saturn represent the solid or permanent structures in our world while Uranus sudden change. This can represent actual physical changes like earthquakes, violent weather etc. It can also represent changes, or the break down in the institutions or structures in our lives. For the markets, the fact we are close to all time highs in the major indices seems to indicate a more severe move and it wouldn't be up. This signature represents a dangerous time period.
Also, Venus will continue to be "Out of Bounds" until early June which should bring volatility and sometimes the trend in the market, which changed near the Venus "Out of Bounds", continues until Venus comes back in bounds. That occurs on June 2 very close to Mars going "Out of Bounds".
There are other transits hitting May 4th and Mercury will join Venus, both being "Out of Bounds".
I'm also looking at Astrological cycle charts and the Mars and Uranus cycle chart are showing a number of aspects which could create a great amount of tension. Typically this tension must find a release typically by an event or change in the status quo. Watch for this in the markets and general mundane events.
In addition to the above there are a number of heliocentric aspects highlighting
Could this represent issues with oil?
Keep in mind the comments made on the Lunar eclipse as well, as they can have an effect 6 weeks before and after the eclipse.
We are looking for longer term cycles, 4 and 6 year, to end this year or 1st quarter 2016. The 4 year should end at a Primary cycle low which may be distorted. The 6 year may end there as well. The troughs for the 4 and 6 year cycles will be much deeper. There are other cycles coming due in the first half of 2015 which are reserved for subscribers.
Gold appears to have put in a Primary cycle 1 trough on March 17th. This was 1 td after the Uranus / Pluto square. This puts us entering the 6th week of the nominal 18 week during this coming week.
From last weeks blog:
"Price is above the 15 and 45 day sma and the 15 day sma is above the 45 day sma. Gold may have put in the crest to the current nominal 6 week cycle on April 6th. It will be important to see of Gold can take out the April 6th high. If not, Gold is probably headed down. There are other aspects coming up in mid-year that are positive for Gold. We may hit resistance over the next couple of weeks. Watch the 1220 area for possible resistance and a reversal down."
Last weeks action has been negative for PM's. It's quite possible the April 6th high is the high of this nominal 18 week cycle which would mean Gold will be headed down for quite a few weeks.
The following daily Gold chart shows the heliocentric Venus (green) and Jupiter (blue) price lines. Gold has been following the Venus price line up. It broke away from the Venus price line on the 27 cd (calendar day) cycle and made it down to the next Venus price line. Watch for a potential small bounce early in the week but PM's will probably move down from here.
As pointed out last week, Gold is also in a forming Head and Shoulders pattern with currently a weaker right shoulder which may make this pattern more powerful. The green neckline shows support / resistance and it is currently around the 1147 area.
All-in all I expect Gold to weaken very soon and be down until late June / early July. As mentioned above mid-year should be more positive for Gold.
This coming week of April 27 we should be entering the 13th week of a Primary cycle which started Jan 29, 2015 and appears to have put in a nominal 6 week trough on March 18th. There was a lot of volatility in currencies the last few weeks which has affected the price of many commodities. If this was the 6 week trough, crude should be bullish short term. There are a number of aspects hitting Jupiter and Neptune over the next couple of weeks. Both rule crude. The price of crude may be quite volatile over this period.
Overall crude looks positive here. I'm watching the $58.67 area which is the 23.6% retracement of the move down from June 2014 to late January 2015. I'm looking for a resistance area.
We are looking at crude as bullish although there is probably too many geopolitical issues with crude to effectively trade. One questionable statement and the price of crude could rocket up or down.
As seen on the following chart the Jupiter price line (orange) gave resistance most of last week in the $58.00 area. If crude is bullish it should break above the 58.27 area which is the next Jupiter price line (orange). Crude ended the week, down slightly, hitting the Venus price line.
As a general comment we should watch out for a surprise event which could effect many markets.
Other items, more specifics on the SP500, Gold and crude also US$, NatGas, Coffee reserved for subscribers. At $99.00 for a 6 month subscription, can you afford not to have it?
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