For week of August 4th: The stock indices have continued to decline since the strong turn period of the year during the week of July 21st and the top completed on the Sun/Jupiter conjunction on Thursday, July 24th. (Also see planetary price chart of the month for the confirmed top). The Mars/Jupiter cycle last week brought some very big moves. Mars completes the square to Jupiter on Friday, August 1st. Mercury conjuncts Jupiter and squares Mars on Saturday, August 2nd. On Thursday, Mars trines Neptune. This week’s Mars/Neptune trine on Thursday is likely to be more bullish again for stocks. Key planetary resistance for the E-Mini S & P is now at 1930 – 1933. The bear trend lower can still continue unless price breaks out above 1933 again this week. This week’s key reversal days or turning points are likely to be on Monday and Thursday. Good trading to you!
Please visit my Daily E-Mini Astro Report™ for more information on key planetary levels and times, and precise daily and intraday market timing signals for the S & P.
Commentary on Gold: Dec. Gold completed a low on last Thursday’s capitulation low at the 61.8 fib. retracement in the daily chart, and began to turn around on Friday’s reversal day. Key planetary resistance tested on Friday is at 1298 now. A break out above 1298 is needed to confirm another trend change up again in Gold this week. This week’s key reversal days or turning points for Gold are likely to be on Monday and Thursday. My outlook for Gold in August is bullish as long as last Thursday’s low continues to hold. Good trading to you!
Visit Daily Gold Astro-Timer™ for more information, key planetary levels and times, and precise daily and intraday market timing signals for the Gold market.
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