An overall message. Be very careful over the next few weeks.
We are at the time frame originally reported in the June 16th post, that being the late Oct / early Nov period. You may wish to note the next time period mentioned in that June 16 post is around April 21, 2014.
Recent price action is making short term forecasting somewhat difficult. The Uranus / Pluto square on Nov 1 and the Solar eclipse on Nov 3 are powerful astrological events but are more geared to longer term forecast. The following will identify specific dates but don't get too tied up in the short term dates. The Uranus/Pluto square and Solar eclipse are longer term transits but can be set off when transited by other bodies and points.
The Primary cycle action for the areas we cover, that is the SP500, Gold and Crude are as follows.
Primary Cycle (nominal 18 week)
SP500 18th week or 3rd week and there was a primary trough on Oct 9th
Gold 18th week or 2nd week and there was a primary trough on Oct 15th
Crude 11th week and we may be at 1/2 cycle low
The above are suggesting these markets are pointing up. This may be true or they are moving up in anticipation of the FOMC meeting this week. Is QE extended or even increased?
This is the opposite of what we have been expecting from an Astrological perspective. Following is what we see.
Oct 29 - Mercury conjunct Saturn.
Mercury just turned retrograde. The previous Mercury Saturn conjunction was on Oct 8 and was on the point of the Nov 3rd Solar eclipse (as noted in our Oct 6 post). The SP500 has shot up since that date.
The Mercury / Saturn conjunction on Oct 29 is not as close to the Nov 3rd Solar eclipse, but it's close. This time Mercury is retrograde (moving backwards). Do we get a reversal here? Quite possibly.
For the SP500 Oct 29 is 55 trading days from the June 24 low. 55 is a Fibonacci number where we often see market turns.
Oct 30 - Sun conjunct the North Node
The last time the Sun was conjunct the North Node was Nov 16, 2012. This was a major low from which the SP500 has gone up. Does this mark the end of the move? Quite possibly.
Oct 30 - There are a number of declination parallels involving the Sun, Saturn, the North Node and Mercury starting Oct 30 through to Nov 3. This number of parallels often mark turning points.
Nov 1 - The often mentioned Uranus / Pluto waxing square, covered in a number of previous posts. This can effect the markets and many other areas of life. It's a long term transit with 7 exact hits, this being the 4th of 7. The next is April 2014. Look at this transit as being a key to upsets in government (not just the
US), social unrest and changes for
those in power.
Nov 3 Solar eclipse
Please see previous posts. This Solar eclipse is at 11 Scorpio 15 close to Saturn. Saturn is still in mutual reception with Pluto making them both more powerful. Saturn and Pluto can be 2 of the more troubling planets in the horoscope, Saturn being the status quo, time and things that remain the same and also public sorrow, while Pluto denotes change by breaking down existing structures and regeneration. It's change that won't be undone. Pluto also represents great wealth and power and the tasks of bringing hidden information to light.
Being in Scorpio this eclipse could involve other peoples money, pensions and taxes.
Watch closely over the next few weeks. We may not have long to wait for this to manifest.
This eclipse is also in a loose quincunx to Uranus. A quincunx is 150 degree aspect that denotes no common ground. The eclipse is Scorpio, a fixed water sign while Uranus is in Aries a cardinal fire sign. Fire and water can bring things to a boiling point.
I could go on here, let me say I'm looking for a change in trend around this date.
Nov 4 Gold Fibonacci 89 trading days from the June 28 lows. Often markets turns +- a week at least.
Finally, is the SP500 forming a wolfe wave. See the following daily chart of the SP500. This would have been more symmetric if 5 had been at the Sept 19th crest. Nevertheless the SP500 has just broken through the rising diagonal (light blue lines). If we now fall below the upper line of the rising diagonal it would signal a good shorting oppourtunity. The red lines depict where we could fall in time and price if this is a valid wolfe wave. That is Dec 23 around $1,555 SP500. Hard to believe if QE continues.
I've noted a number of items that could effect short term changes in Gold above. Probably the most important is the direction of the
US$ which has
been down. There is a recurring 40-42 week cycle trough in the US$ which we
are now hitting. A move up in the US buck has historically meant Gold is headed
down. I say historically since things just aren't happening normally with the
QE program and other financial shenanigans.
I'm still looking at June 28 being the 4.25 year cycle low for Gold. This will be confirmed if we break above the August highs. In the mean time there would / should be a pull back if the
reacts to the 40-42 week cycle. Look for this in the month of November. A
reversal in Gold could occur around the Nov 1, 4 dates above or a little later
in November where we have many significant heliocentric (sun centered) aspects
and multiple planets changing direction (see the last post for dates).
Also watch Nov 11 for a swing in Gold.
Also watch Nov 11 for a swing in Gold.
Weekly chart of US$
Crude is meandering lower but just hit a hammer doji on Oct 24 and hit the 61.8% retracement of the move up from April 18 to August 28. Looking back a few months this area may serve as support. This is approx. at the 1/2 primary cycle where we often find turns. This area needs to be watched particularly around the critical dates defined above Nov 1,4 +- a week.