For week of May 20th: This is one of the most important turn periods of the year this week as Uranus squares Pluto on Monday. This Uranus/Pluto square is the third of seven “squares” the planetary pair to make between now and the year 2015. The next Uranus square Pluto aspect occurs on Oct. 31st [...]
The Uranus/Pluto planetary lines with Jupiter added is defining effective support and resistance for the downtrend lower in the XAU (Gold mining index). The low completed at the 100 area at confluence of the Uranus/Pluto and Jupiter lines during the middle of April when the low in Gold completed. If this is not the final low at 100 planetary support, any further downside and worst case scenario is 20 pts. below at the 80 level. If 100 support holds through May and the Uranus square Pluto cycle, then the final low is probably in and we will see a significant move higher again during the Summer and Fall.
Runaway bull market in the DJIA. Previous planetary resistance at 14500 was a point of congestion for a few weeks. Once price broke through, this level has turned into key support. A break below 14500 would trigger another sell signal for a bigger correction. The next upside target, if the advance continues, is at 15400.
Uranus/Pluto lines at the 4th harmonic at about 90 pt. increments. The low on the strong April 15th turn date of the month was at the 1360 – 1338 area. If this level does not hold, the next support level is at 1268 – 1250. Key planetary resistance in now at previous support at 1432 – 1450. A break out here will show renewed strength again.
Greetings everyone, The day in history that shocked the financial world was on August 15th, 1971. This was also referred as “Nixon shock.” Former president Richard Nixon, closed the gold window. The United States made it impossible for other nations to peg their currency to the gold standard, which was the underlying principle behind the [...]
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