For week of June 2nd: The Sun/Mars trine cycle completes on Saturday, May 31st. The Sun crosses wheel of 24 and is inconjunct Pluto on Monday/Tuesday. The stock indices now in over-bought territory and testing key planetary resistance. The DJIA making a “double top” at the May 13th top and testing planetary resistance at 16730 – 750. The Nasdaq still trading way below the March 6th top. My view is the recent rally in tech is corrective in nature. NQ, (June Nasdaq futures), testing key planetary resistance for the Jupiter/Saturn cycle at 3733 last week. A break below 3704 needed for another sell signal. The S & P cash testing planetary resistance at 1920 – 1930. A break below 1903 on the weekly chart now needed to show more weakness and signal a greater pullback again. This week’s key reversal days or turning points are likely to be on Monday/Tuesday for another probable pullback again if key support levels are broken. For more information and daily intraday market timing signals, https://www.astroadvisor.com/astrology-trading-services/daily-e-mini-astro-report/
Commentary on Gold: August Gold now in over-sold territory and tested planetary support for the Sun/Mars cycle on Friday at 1243 – 1241. Key planetary resistance is now at 1259 – 1261. A break above this level is now needed for another buy signal and confirm a reversal up again. If there is more downside, probably limited to the 1225 – 1223 area. Monday/Tuesday key turn period for Gold and probably trades opposite direction as stocks this week. For more information and daily intraday market timing signals, https://www.astroadvisor.com/astrology-trading-services/daily-gold-astro-timer
Good trading to you!
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