For week of Jan. 27th: Mercury completes the square to Saturn over the weekend on Saturday. This is likely to time another short term bottom in the stock indices and rebound on Monday. On Wednesday, the Sun sextiles Uranus. The New Moon is on Thursday. On Friday, the outer planet cycle of Jupiter opposed Pluto completes as Venus turns direct ending its retrograde cycle. Mercury also enters Pisces.
The S & P cash tested important longer term planetary support at 1790 on Friday’s sell off. A break below 1790 will begin to show more inherent weakness moving forward. Key planetary resistance is now at 1810. A break out above 1810 is needed to show more strength again. Friday’s turn date is one of the strong ones of the year in all markets. This week’s key reversal days or turning points in all markets are likely to be on Monday, Wednesday, and Friday. Good trading to you!
Commentary on Gold: Feb. Gold reached the 1270 planetary price target and resistance level on Friday. This is key resistance moving forward. A break out above 1270 is another buy signal to higher planetary price targets. Key planetary support is now at 1255 this week. Another pullback if price breaks 1255.