Stock Market Outlook and Commodity Market Outlook: The Jupiter/Uranus opposition completed on Thursday last week when Pluto turned stationary direct. Venus opposed Neptune and Mercury entered Libra on Friday. On Sunday, Mars trines Pluto. On Tuesday, Venus trines Pluto. On Thursday is the Full Moon when Venus conjuncts Mars. This week’s key reversal days or turning points are likely to be on Monday, Wednesday, and Thursday.
Commentary for Emini trading: Key weekly planetary resistance and the next upside target at 2517 – 2523 planetary resistance was reached at the high on Friday. This is key resistance to hold for a turn lower to begin again. If price breaks 2523, any further upside is likely to be limited to the 2536- 2540 weekly level. Key weekly planetary support is now at 2506 – 2499. A break of 2499 is needed for a new sell signal to lower levels. The 2587 – 2581 weekly level remains important to be broken in October to signal a greater correction is underway.
(By request, here is an additional update for Thursday, 10/05. The stock indices remain at a level of extreme greed and optimism this week. Another pullback is not likely to begin now until next Tuesday/Wednesday after Jupiter enters Scorpio next week. The 2536 – 2540 level turned into new support on Thursday. This is the key level to break or the advance can continue. Next planetary resistance is at 2553 – 2558 and 2573 – 2575).
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: Dec. Gold’s rally on last Monday’s key reversal day took price up to the 1312 – 1316 weekly planetary resistance. It was a one day rally or “one day wonder.” The trend lower resumed to key weekly planetary support sent subscribers at 1280 – 1276. Dec. Gold will remain in a weak position to decline if price trades below 1293 – 1299 planetary resistance this week. Key planetary support to break for the next important sell signal and continuation lower is at the 1280- 1276 weekly level.
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: Key planetary support is now at 51.40 – 51.10 this week. A break of 51.10 again would signal a reversal down to lower planetary support levels. Key planetary resistance on the upside is now at 51.90 – 52.50. A break out above 52.50 would be needed for a new buy signal.
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 low completed at 1.1725 – 1700 planetary support sent to subscribers last week. This timed a nice reversal higher from this key level on Thursday’s key reversal day. Key planetary resistance this week on the upside is now at 1.1850 – 1910. The weakness in the Eur/Usd can continue if price trades below this key level. Key planetary support is now at 1.1730 – 1675. A break of this important level is needed for the next sell signal to lower 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.