For week of Feb. 24th: The Sun completes a conjunction to Neptune over the weekend on Sunday. The big cycle and turn period of the week is likely to be on Wednesday. “Expect the unexpected” and a volatility spike after hours on Tuesday and on Wednesday. Jupiter squares Uranus at 11:33PM, pacific time on Tuesday evening. The next New Moon is on Friday evening. Key planetary resistance for the E-Mini now at 1846 and a break below planetary support at 1819 – 1817 for another sell signal. This week’s key reversal days or turning points are likely to be on Monday and Wednesday. Wednesday is the strongest in all markets.
Commentary on Gold: April Gold reached the next upside planetary price target indicated last week at 1328 – 1335 for a top and pulled back to 1307. The 1330 – 1335 planetary resistance area is the next hurdle for Gold this week. A break out above 1335 is another buy signal for a move up to the next planetary price target at 1360 – 1370. Key planetary support is now at 1306, then 1299 – 1293 for the strength to continue.