For week of Dec. 22nd: Market outlook ahead. Enjoy the roller coaster ride last week in the S & P? Uranus square Pluto increased volatility and turbulence. The next big planetary events now begin on Sunday’s Winter Solstice when Uranus turns Direct. Venus also conjuncts Pluto and squares Uranus. On Tuesday, the planet Saturn leaves the sign of Scorpio and enters Sagittarius. This is another big shift. This week’s key reversal days or turning points in all markets are likely to be on Monday/Tuesday. Good trading to you!
Commentary for Emini trading: The E-Mini turned down on last Monday’s strong date and completed a low on Tuesday. Mercury’s ingress into Capricorn on Tuesday evening timed another reversal and advance until the end of the week. The key planetary price level and resistance for the S & P moving forward now is at 2080. This price level is also based on the Venus/Uranus/Pluto configuration and is a “double top” at the Dec. 5th top. Key planetary support to break for another sell signal is now at 2059 for the March EMini.
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Commentary on Gold: A very significant and positive planetary event is occurring for Gold on Tuesday, Dec. 23rd when Saturn leaves Scorpio and enters Sagittarius. Let’s face it, Saturn’s transit through Scorpio since October, 2012 has been bearish for paper Gold due to market manipulation and price suppression from central planners. “Price and time” came together perfectly around the 1800 level in October of 2012 at a very important top. My view is a longer term low completed in November of this year and the next move is up into 2015. We are still in a favorable Jupiter/Uranus cycle until June of 2015 for a significant move higher in the metals. Could Saturn’s transit through Sagittarius signify the price suppression scheme is going to come to end? Overwhelming physical demand will eventually win the battle. The great reset in the price of Gold is probably coming in 2015. The key planetary resistance level to watch this week for Feb. Gold is now at 1216. A break out above 1216 is needed for another buy signal.
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Commentary on Crude Oil: Crude Oil remains in a time frame for a bottom to complete by Dec. 22nd. A consolidation began last week after the low completed at 54.10 – 53.90 planetary support. Key planetary resistance is now at 60.40 this week. I would like to see a break out above 60.40 to begin to confirm a trend change again in the daily chart.
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