Stock Market Outlook and Commodity Market Outlook: August is here! This month is due to get more volatile and is a very strong turning point of the year. On Monday, Venus changes signs and enters Cancer. On Wednesday, the planet Uranus turns stationary retrograde. On Friday, Jupiter squares Pluto when non-farm payrolls is released. A Lunar Eclipse is around the corner on Monday, August 7th. This week’s most important key reversal days or turning points are likely to be on Monday, Wednesday, and Friday. Be prepared for more volatility and another roller coaster.
Commentary for Emini trading: The E-Mini came within a few ticks of the 2481 – 2487 planetary resistance level and target I indicated on Thursday’s key reversal day. This was the trade of the week and timed a move down to the 2462 – 2458 weekly planetary support level. The bias is lower if resistance at 2481 – 2487 continues to hold. Key planetary support is now at 2451 – 2445 on a pullback. If price breaks 2445, this will show new weakness for a greater pullback.
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: August Gold made a pullback from the 1257 – 1263 level as forecast on Monday’s key reversal day and reached key weekly planetary support indicated at 1250 – 1245 on Wednesday’s key reversal day. This was a good opportunity to buy for another advance to 1270 – 1274 planetary resistance on Friday.
December is the new front month. Key planetary resistance is now at 1276 – 1280. If price breaks 1280, any further upside this week is likely to be limited to the 1293 – 1299 level. Key planetary support is now at 1270. If price breaks 1270, this will be a new sell signal for another pullback to lower weekly planetary support levels.
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 reversed higher again on Monday’s key reversal day precisely from the 45.60 – 45.30 planetary support level indicated. The rally continued all week. Next planetary resistance is now at 50.10 – 50.70. This is the key level to hold for another pullback. Key planetary support is now at 49.40 – 48.80. A break of 48.80 would trigger a new sell signal 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: The Eur/Usd remained strong and is trending higher. Key planetary support is now at 1.1620 to break to trigger a new sell signal and pullback. Key planetary resistance is now at 1.1780. This target was reached on Thursday. A break out above 1.1780 would be needed for a new buy signal and continuation to higher weekly levels.
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.