For week of Dec. 9th: Mars changes signs and enters Libra over the weekend on Saturday, Dec. 7th. Mercury trine Uranus on Tuesday. Jupiter trine Saturn on Thursday. This week’s key reversal days or turning points are likely to be on Monday, Tuesday, and Friday. The S & P still remaining below longer term planetary resistance at 1810. This is important resistance in December to break for another continuation higher. Key planetary support is at 179o. A break below 1790 is needed to begin to show more weakness again.
Commentary on Gold: Gold reached the next downside target indicated a couple week’s ago at 1210 – 1201 planetary support. The Mercury/Saturn conjunction on Monday, Nov. 25th only timed a rebound back up to 1259 – 1261 planetary resistance. Key planetary resistance remains at this level in December. A break out above 1261 is still needed to trigger another buy signal for a continuation higher again this month. Good trading to you!