Stock Market Outlook and Commodity Market Outlook: A correction in the stock indices is likely to begin this month and we may have already seen an important top at the 2481 – 2487 weekly planetary resistance level indicated for the E-Mini S & P last week. A spike in volatility was also due to begin again around the time of the Lunar Eclipse on August 7th. More volatility is yet to come. We are fast approaching a major total Solar Eclipse on August 21st. This is going to be very turbulent time in the world and financial markets.
On Saturday, Mercury turns stationary retrograde until Sept. 5th. On Sunday, the Sun trines Saturn. On Tuesday, Venus forms an opposition to Pluto. On Wednesday, the Sun conjuncts the No. Node and Venus squares Jupiter. This week’s most important key reversal days or turning points are likely to be on Monday, Wednesday, and again on Thursday. Expect a turbulent roller coaster ride ahead in the markets.
Commentary for Emini trading: The E-Mini tested the 2432 – 2428 weekly planetary support level at the low last week sent to emini subscribers. This is now key support to break for the next sell signal to lower planetary support levels. Key weekly planetary resistance is now at 2445 – 2451. The E-Mini will remain in a weak position to decline unless price breaks out above 2451 for a new buy signal and advance to higher levels.
Visit Emini trading strategies, my Daily E-Mini Astro-Report™, for precise intraday trading strategies for Emini trading based on leading indicators including key daily planetary support/resistance levels and trading times. May also be used for trading stocks or other stock index futures. Weekly reports are also available for swing traders or longer term traders.
Commentary for Gold trading: Key planetary support for Dec. Gold indicated at 1263 – 1257 held the low and timed an advance to key weekly planetary resistance at 1293 – 1299 at the June 5th top, (“double top”). Gold looks to be on the verge of a major upside break out if price breaks through the important 1299 level. If this is the case, a rally could extend as high as 1365 – 1371 planetary resistance over the coming weeks. Key weekly planetary support this week to hold for the strength to continue is now at 1280 – 1276.
Visit my daily Gold trading strategy, Daily Gold Astro-Timer™, for more the information on very high probability gold trading strategies, key planetary support/resistance levels, key times for trading, and precise daily and intraday trading signals for trading the Gold futures market or Gold etf’s. Weekly reports are also available for swing traders or longer term traders.
Commentary for Crude Oil trading: Sept. Crude Oil turned lower from the test at key weekly planetary resistance indicated at 50.10 – 50.70 on last Thursday’s key reversal day. This remains the key level to hold for the bias to remain down. A break out above 50.70 would be needed to change this outlook for a new buy signal. Key weekly planetary support is now at 47.80. A break of 47.80 is the next sell signal down to lower weekly levels.
Visit my Crude Oil trading signals, Daily Crude Oil Astro-Timer™, for trading strategies that lead the market and inform you in advance when important reversals or trend changes are about to occur and the daily planetary support/resistance levels for intraday Crude Oil trading. Weekly reports are also available for swing traders or longer term traders.
Commentary for Eur/Usd: Key weekly planetary resistance remains at 1.1910. This is the next hurdle for a new buy signal to higher levels. Key planetary support remains at 1.1720 – 1680 that held the low last week. The strength and trend higher can continue if price trades above this important support level.
Daily or Weekly trading and market timing reports are available to give you the ultimate timing advantage if you are an experienced and skilled trader. These reports include daily or weekly planetary support/resistance levels and planetary times for intraday tops/bottoms and reversals if you actively trade during the day.
If you trade part time or longer term swing trade, the weekly reports and updates are more suited for you to better time the pivots highs or lows during the week for reversals.
If you actively trade everyday, the daily reports are the best option and include updated planetary support/resistance, my daily commentary and forecast, and proprietary key times for the most important turning points of the day when the best trading opportunities unfold.