SP500

SP500

For the SP500, cycle-wise I’m looking at March 27th as the Primary cycle trough and April 13th as a double bottom.

This puts us entering the 8th week of a new Primary cycle. We should therefore be looking for a pull back into the first nominal 6 week cycle trough. The other possibility would be a ½ Primary cycle (9 week) which would be a couple of weeks out.

We had a descending triangle (green) on the chart. As often happens price crashed through the upper line of the triangle, in effect gapping twice. Those gap areas may act as support.

It should be noted Primary cycles (18 weeks) most often start with a nominal 6 week sub-cycle.  The 2nd most common start is a 1/2 Primary or 9 week sub-cycles. The nominal range for the Primary cycle is 13 to 21 weeks. The recent highs were on March 1st closing at 2,396 in the SP500 then a high om May 16th at 2,405.77, a new All Time High.

To summarize, I’m looking for a pullback in the short term to a nominal 6 week or ½ Primary cycle trough. I’m expecting volatility with both ups and downs but moving forward I’m looking for a low probably mid-June after reviewing the Astrological aspects.

Note the 15 (red) sma is just above price and the 45 day (blue) sma just below price.

Another cycle that has been at highs and lows is the 40 trading day cycle (td). Next due May 24th +- 3 tds.

Other Astros coming up this week are:

May 21 Mercury Shadow Date
Same as Venus last week. It is the day Mercury returns to the position it held when it went retrograde. Look for a move down Monday or Tuesday.

May 19 Saturn waning trine Uranus
Although this is aspect is past exact it can effect things +- for a few months. This aspect has often been at tops from which significant pull back can occur.
This is the 45 year transit mentioned a number of times with more details sent to subscribers. This is a 3 pass and this is the middle aspect.
Saturn / Uranus contacts emphasize the politics of order and are basically conservative and authoritarian.
This covers the flow of investment and production in heavy industry. Note, what Trump is attempting in the USA.
This is an aspect to bring out new ideas, inventions, insights and reforms.
This aspect can also manifest as sudden breakdown of existing structures. 
In this day and age sudden internet attacks change the status quo.
This aspect also has a strong connection with the Middle East and Israel and gypt in particular. When looking at Brexit and recent political actions in the USA with the Trump presidency look no further than the Saturn / Uranus trine.
Being a 45 year event it needs a wide orb, 2-3 months. I’ll watch other aspects to both Saturn and Uranus as possible triggers.

The heaviest day for transits this coming week is May 25th where we have Venus square Pluto and a perigee New Moon. The latter can result violent weather, geophysical events, or like natal Astrology can affect the individual and his / her thinking. This New Moon is in Gemini which is our thinking and communication. Watch what you say and what you communicate.

The following chart of the SP500 includes the heliocentric Bradley indicator (blue line). There were three possible change in trend dates, which may have been the 6 week lows on May 8th, May 12th and May 18th. Coming up we have potential turn dates on May 22nd, May 26th and late May, early June.

I continue to watch the 24th harmonic cycle (360 / 24) cycles for short term turns. The brown squares are Sun / Saturn 15 degrees on the following daily chart.

The last hit was on May 17th, the big move down.

The next hits are May 31 then. June 15th. Any could be the 6-week low.

I have added 3 price lines to this chart.

Saturn - black
Uranus - purple
Neptune - light blue

These price lines can act as support / resistance. Also on this chart are blue vertical line which is the 24 cd (calendar day) cycle. It has been at highs and lows.

The date of May 12 is the next 24 cd cycle.

May 12 was the day the general population became aware of the Cyberwar that's been going on for some time. Note the references to May 12th above and the Mars waxing square to Neptune on May 11th.

I brought up the August 21 Solar Eclipse in the May market letter. This should bring significant events in that time frame. In the mean time, I will monitor transits that may hit the location of the Solar Eclipse. An example in this blog is May 15th when the North Node transits over the point of the eclipse.

The path of this very important Eclipse is seen in the following:

I added the chart of Iran to this post. The center circle is the Chart for Iran when the Ayatollah Khomeini returned to Iran. The outer circle is the planetary position for May 20, 2017.

Note the square between the natal Pluto and transiting Pluto. Also note transiting Mars is trine natal Pluto and transiting Mars is quintile transiting Pluto.

There is going to be trouble in Iran in the next few months. July / August may be it.