For week of June 9th: Mercury turns stationary retrograde on Saturday, June 7th and Venus completes a trine to Pluto on Sunday. The planet Neptune turns stationary retrograde on Monday. On Thursday, Venus opposes Saturn on the Full Moon after the close. This week’s key reversal days or turning points are likely to be on Monday/Tuesday and Friday. A capitulation of a move is likely to occur on Thursday’s Full Moon. A break of 1935 – 1931 planetary support is now needed to show more weakness in the S & P. Good trading to you!
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Commentary on Gold: August Gold rebounded off of the 1243 – 1241 planetary support level indicated last week. Key planetary resistance is at 1259 – 1261. The trend is still down. A break out above 1261 is still needed to show more strength for another buy signal.
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Good trading to you!
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