For week of Nov. 3rd: The stock indices advanced as forecast last week into the Mercury/No. Node conjunction. This is likely to have timed another top on Friday or by Monday. Over the weekend on Saturday, Mercury sextiles Jupiter, Mars sextiles Neptune, and Venus sextiles Pluto. On Monday, the Sun sextiles Pluto and Venus is inconjunct Uranus. On Wednesday, the Sun is inconjunct Uranus, and on Thursday is the Full Moon. The E-Mini S & P reached the strong 2014 – 2018 planetary resistance level indicated in Friday’s report. A break of 2002 – 2000 is now needed to begin to show weakness again. Storm clouds are beginning to roll in for stocks again especially the following week. This week’s key reversal days or turning points in all markets are likely to be on Monday/Tuesday and Thursday. Good trading to you!
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Commentary on Gold: Interesting rigging of the markets with Stocks and U.S. Dollar higher, and Gold and Oil lower into the Nov. 4th election! In an case, the Mercury/No. Node cycle points to another top in stocks and low in Gold which probably completed on Friday. Dec. Gold gave another sell signal last week when price broke the important 1225 – 1222 level. A turn around back up began to occur on Friday’s key day after the orchestrated smash which began around the time of the London open. Key planetary resistance is now at 1186 – 1189 to break for another buy signal and to begin to confirm a trend change up once again. Good trading to you!
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