For week of Feb. 10th: The strong downturn in stock indices on the Jupiter/Pluto opposition cycle period from Jan 31st – Feb. 3rd, also timed another short term bottom and pivot low off the 1738 – 1731 weekly planetary support level for the E-Mini S & P as indicated in last week’s report, https://www.astroadvisor.com/astrology-trading-services/daily-e-mini-astro-report. The S & P rebounded off this level on last Wednesday’s key reversal day when the Moon entered Taurus.
If the strength continues for another day on Monday, another top or turn down is likely to begin again by Tuesday’s Sun square Saturn aspect. Key planetary resistance extends specifically to 1796 – 1804 this week for S & P to hold for another turn down. Key planetary resistance for the DJIA is now at 15812 – 870. On Wednesday evening at 07:30PM, pacific, retrograde Mercury moves back into Aquarius. This week’s key reversal days or turning points are likely to be on Tuesday and Thursday. Good trading to you!
Commentary on Gold: April Gold consolidating in a range last week. For the strength to continue, planetary support needs to hold at 1256 – 1252. Key planetary resistance is now at 1275 – 1280. A break out above 1280 is another buy signal to higher planetary price targets this week.