Corn ended its multi month decline in mid May
|May Review – “Corn has been in a multi-month downtrend and there is no indication for a low yet.
Key Dates – 4/30, 5/6, 5/20, 5/21, 5/22, 5/24, 5/31 AC”
Results – 4/30 was a short term low. 5/6 was a short term low. 5/20 was not effective. 5/21 was a short term high. 5/22 was a short term low. 5/24 was a very good low. Score – 5 out of 6 good dates = 83.33%.
June Update – Corn ended its multi month decline in mid May and then mounted a very strong rally into theend of the month. Over the 5/31 weekend we have a New Moon, so this is a likely window for a possible short term high. The big planetary events this month for Corn are 6/21 AC – Mercury Maximum Elongation East; and 6/26 AC – Mercury 0 South Latitude. Mercury is a co-ruling planet for Corn.
Key Dates – 6/3, 6/17, 6/18, 6/21, 6/3, 6/17, 6/18, 6/21, 6/24, 6/25, 6/26, 6/27, 6/28, *6/28 AC*
May Update – Technically, as of Friday, 4/26, the S&P 500 has rallied within about one handle of its all time high of 2940.91, which was achieved on 9/21/2018. This puts the S&P up against the top of its trading channel and at a major resistance level. Our most powerful category of planetary activity is what we call a Planetary Polarity Point. The usual pattern for these points is that the market will move to some extreme price position within one day of this point in time, and then usually reverse its trend. We have two of these this month. The first is that 4/29 AC – Saturn will turn Retrograde. This means that the S&P and the Stock Market is at a MAJOR fork in the road or inflexion point. By 4/30, the market is likely to either make a top and turn down or break out over the all-time high of 2941 and accelerate to the upside. Whatever trend is established at that time is likely to last for several weeks. Later in the month, we have 5/17 AC (weekend) – Mercury 0 Latitude, which is another Planetary Polarity Point, and a Full Moon, at which time we will be on alert for another possible major change in trend and probable trend reversal.
This is an excerpt from the Astro Trend newsletter. Astro-Trend covers about thirty futures related markets including the major Financial Markets, such as the Stock Market, T-Bonds, Currencies, and most major commodities. We also offer intra day data which identifies potential change in trend points to the minute.
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