For week of Dec. 16th: Jupiter trine Saturn completed on Thursday, the 12th. This timed at least another short term bottom in stock indices and Gold. The key level for the Jupiter/Saturn trine for the DJIA is at 15715 planetary support, within 15 pts. of the low last week. Remains bullish unless this support level is broken. This week’s important date is when Uranus turns Direct, ending its retrograde cycle on the day of the Full Moon on Tuesday. The fomc make another announcement on Wednesday. This week’s strongest turning point is during the middle of the week on Tuesday/Wednesday.
Commentary on Gold: Gold rebounded again after Jupiter trine Saturn on Thursday. Key planetary resistance is now at 1269. A break out above 1269 is now needed to confirm a change in trend back up. When this happens, next upside target now at 1296 – 1310. Key planetary support is at 1218 – 1210 to hold for another turn around. Watch Tuesday/Wednesday….especially on Wednesday. Good trading to you!