Weekly astro trading outlook
By Robert Hitt
Nearer term situational awareness
We are now confirmed into a MULTI MONTH time period when selling rallies has the highest odds of generating a profit. Last week was the worst performance of the year to date for equity and I am very happy about that because this is right in line with my read. That does not mean we should only be sellers it means that any long day trades counter to the down trend should be a stop and reverse exit strategy. The 1350 low on spoos last week the line in the sand. Keep 1350 in mind for later because that may be the level that becomes the mother of all pivots.
NOTE that a similar low was printed in April 2010 and the break of this same type low coming off a labored and tired (contrived) multi month bull trend resulted in the flash crash May 6th 2010. My opinion on the flash crash was it was engineered to run the bulls stops and set a tail low that could be defended.. If one looks back at the price chart of 2010 the flash crash low was indeed defended all summer with only a few prints below that price.
I suspect we have a May event also occur this year after the retrace rally that started off 1350 fails and it will. that being said I am looking for the 1350 level to hold at least for the very near term. The major cycle low I expect later this year may very well be at the 1150 area where the May 2010 breakdown triggered the flash crash. NOTE that over the past few years corrective periods have been about 200 spoos points of length. That 200 point drop is a conservative number and all things considered a 1150 low this year would be a best case scenario. This is based on an assumption that WW3 does not break out mid year because if it does I see sub spoos 1000 sub Dow 10000 before markets become unglued to a point of going on a holiday.. (maybe permanent)
The week ahead in trading
I day trade ES and EUR and the below read is part of my prep for the coming week.. I am sharing enough here to be a heads up to readers but your own trading is your biz. NOTE I do not trade just off of astro indications so if you have no clue about technicals you may want to learn about that before stepping into a game you don't understand. I am looking for LOW RISK ENTRY IN EITHER DIRECTION AFTER A TECHNICAL SIGNAL IS GENERATED and may only stay in a trade a few minutes.
Sunday night. 4/15
The start of futures trading Sunday night is stressed astro with the seemingly endless Mars Neptune opposition slowly starting to max out.. The Sun and Saturn are opposed too so is not a feel good time here. Best guess is after seeing the way Friday closed a low near spoos 1350 overnight would be interesting for a bounce trade..
The moon will be in a conjunction to Neptune and in opposition to Mars as the day dawns. Lets say the mood is similar to an angry drunk in a full blown hangover and leave it at that. This is tax deadline day so mail in your check. At least the drain on public money is over.. A good day to ponder what your tax dollars are being spent on.
LOLOL the reason for the fed to support the stock market
is over for a while also.. This not rocket science it is self
evident. The counter intuitive play is to go long a dip here on Monday
early if support at 1350 still looks viable. KEEP IN MIND LOW
RISK.. 1350 has to hold or all bets are off.
Sun Saturn Venus and the moon combine late on the 16th in a brief yet complex stress pattern which I assume is not a good indication for bulls to be in a buying mood. That wave of negative mindset ends before the open and some mild optimism is due early.
Late after the close mercury and Jupiter will begin a semi square which is a signature of IGNORING A DANGER. lets put it another way.. UNWARRANTED OPTIMISM
Stupid is as stupid does continues well into late day trading when the Moon conjuncts Mercury at the 45 degree semi square angle to Jupiter.
NOTE .. the stress between Jupiter and Mercury in stress alignments have OFTEN in the past produced a fabulous shorting opportunity. A rise up to a resistance level here late in the day accompanied by unreasonable optimism (the stench of bullshit) is what I am looking for to sell.
Those who want or need to hedge an acct using puts might
consider this astro as an opportunity with short term expectation of
some sort of late April low say near the 24th. How low a low in late
April of course depends on what happens at 1350 suport.
This is a BIG ANNIVERSARY DATE. Seems lots of bad things happen on this calendar day. Waco.. OKC.. the BP oil blowout. and other significant turns of events from history so look it up.
Note that a moon Pluto square is exact at 6 Am which could be a knee jerk countertrend high fed boosting that may have some momentum for retrace into later in the trading day. One thing I do NOT expect is a low below 1350 spoos just yet. CAVEAT is once broken 1350 becomes resistance and support there will depend on how high a mid week retrace has been. .
WATCH THE EVENTS THIS DAY. This is a NWO holiday it seems with a history of nasty things for people and living things. Considering that a race war seems to be part of Obamas reelection strategy we could have that come up.
Last day of the concluding lunar month and the date to see a shift over to a new set off issues lasting into May 20th.
Mercury and Uranus will be in a conjunction over the weekend and this astro can play out a bit early so heads up on late day surprise news lasting into the weekend.
Conclusion for this week
I think the low at 1350 will hold for now and the range should be between 1350 and maybe as high as 1405 depending on how agressive the manipulators are. A run to 1405 area ESPECIALLY if that occurs on Wednesday seems a setup to position for another MUCH bigger leg down to come that would have time duration. I am not position trading myself but you may consider the most likely low falling at 1150 and June as the time to see that if you are looking to gamble with some puts.
I will be leaning toward buying dips early this week and selling peaks mid week for day trading.
Astro events down the road
SOLAR ECLIPSE on May 20th.. Lunar eclipse on June 4th.. ahem.. solar eclipse months have been proven to be a huge crash risk period. I suspect the reason is the tendency for high emotive volatility. The eclipse month emotive period BEGINS on the full moon prior to the solar in this case May 5th. That is a VERY interesting time early May because Jupiter and Uranus will be at a 45 semi square which kicks up a speculative mood and we have an anniversary date of may 6th 2010 also. This Jupiter Uranus astro is in a brief window of time starting late April and is exact May 7th.
Add in the transit of Venus over the face of the sun on June 5th and we are due for some 4th of July fireworks a month early. As of right now an equity low in early June seems on the table.
Keep in mind that the MAJOR Uranus Pluto square is not even in a two degree of exactness as of this update but will begin to assert itself around mid May combining with the solar eclipse energy. Based on the situation I can see the euro finally going crashy now that most traders are not thinking about it and the yen trying to keep up with the jones's for competitive devaluation reasons leaving the USD in a deflation producing screaming rally that no one but Goldman wants to see.
NONE of the big three currencies are viable any more and this is now a long term fight to the bottom.. Bad is good in the perverse mentality of currency today. LOLOL when we see the yen and Euro go nosedive together that seems to me an ideal point where the fed will get busy debasing the dollar in a very big way just to keep up with the debasement.. I expect that a dollar slide to be a July - October theme. The much talked about hyperinflation may be delayed into year end (post election) but the truth of the matter will be obvious to the few who understand FX well before that.