Stock Market Astrology Outlook and Commodity Market Outlook: On Saturday, Venus is inconjunct the No. Node. On Wednesday, Mercury ends its retrograde cycle and turns direct as the Sun sextiles Neptune. The fomc makes another announcement and will probably not hike rates again at this time. On Friday, the Sun is inconjunct Jupiter. The next non-farm payrolls release is also on Friday. This week’s most important key reversal days or turning points are likely to be on Monday, Wednesday, and Friday. Wednesday and Friday are the most important key days.
The Mercury/Uranus conjunction in Aries continuing through the week of May 8th is associated with unexpected surprises, potential military conflicts, and increased volatility or price swings in the markets.
Commentary for Emini trading: The E-Mini made a retest at the 2392 – 2396 weekly planetary resistance level and tested new planetary support at the 2379 – 2373 weekly level on Thursday and Friday. This is the next important level to break to show new weakness for another pullback. Last’s week’s Mercury/Uranus conjunction resulted in tech stocks and the Nasdaq leading the way higher.
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Commentary for Gold trading: June Gold held above the important 1262 – 1258 weekly planetary support level at the low. This remains a sign of strength as long as price does not trade below. Key planetary resistance is at 1276 – 1280, then 1294 – 1298 on the upside. A break out above 1298 remains the next important buy signal for the trend to continue to higher levels.
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Commentary for Crude Oil trading: Key weekly planetary resistance for June Crude Oil remains at 50.20 – 50.60. This held the high last week. A break above 50.60 is needed for a new buy signal. Key planetary support indicated at 48.80 – 48.40 held the low. A break of 48.40 would be needed for a new sell signal to lower levels.
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Commentary for Eur/Usd: The Eur/Usd continues to trend higher. Key planetary support to hold for the strength to continue is at 1.0825 – 0775. Key planetary resistance to break thru for a new buy signal is now at 1.0995.
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.