For week of March 10th: Last Monday’s Mars and Saturn retrograde timed a big one day reversal, before a snapback rally on Tuesday and last week. The S & P is now testing important longer term planetary resistance for the Uranus/Pluto cycle at 1880 – 1900. A very significant correction is likely to come this Spring as long as resistance continues to hold at the 1880 – 1900 level moving forward.
On Monday evening, Mercury completes a square to Saturn. On Thursday, the Sun trines Saturn and Mercury trines Mars on Friday. This week’s key reversal days or turning points in all markets are likely to be on Tuesday and Friday. Good trading to you!
Commentary on Gold: April Gold has been unable to break through the 1355.50 planetary resistance level indicated in last week’s Daily Gold market timing report, https://www.astroadvisor.com/astrology-trading-services/daily-gold-astro-timer. This is key resistance this week. Key planetary support is now at 1328 – 1326 this week. A break below 1326 is needed to show more weakness again.
Copyright © 2014, T. S. Phillips, Astro Advisory Services, Inc.