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Weekly column: The solar eclipse and its market reversals

Review

President Trump wants lower interest rates, and on Wednesday he got his wish as the Federal Open Market Committee cut the overnight rate by a quarter point. The FOMC also delivered an implicit warning about what this might mean for the economy. Mr. Trump now owns that, too. In their Summary of Economic Projections (SEP) released after this week’s meeting, Fed officials anticipate two more 25-point rate cuts this year and another in 2026. Yet the same SEP projections concede that inflation is proving more persistent than anticipated.

—The Editorial Board, “It’s Trump’s Federal Reserve Now,” Wall Street Journal, September 17, 2025, www.wsj.com.

President Donald Trump and British Prime Minister Keir Starmer announced a “life-changing” $350 billion tech investment plan dubbed the “Tech Prosperity Deal” in a press event on Thursday…. Starmer said [the agreement] would create 15,000 jobs across the U.K. and invest in the development of 12 advanced nuclear reactors — the energy of which will be used to help power energy needs on both sides of the Atlantic.

—Caitlin McFall,  “Trump, Starmer Sign $350 Billion ‘Tech Prosperity Deal’ in Record-Breaking Investment Plan,” Fox Business, September 18, 2025, www.foxbusiness.com.

The Fed finally cut its benchmark interest rate by a quarter point out of concern about the slowing US economy, even though inflation has not gone down lately. In other words, the Fed is more focused on the economy and labor market now. It is willing to allow inflation to remain above its target, and maybe even climb higher, as two more rate cuts were projected for the remainder of 2025, and another two in 2026. It may become another tight balancing act between the two Fed mandates, but for now, investors cheered and stock indices rallied in many parts of the world, but not all. At the same time, the Dollar also rose while other currencies began selling off.

In Asia and the Pacific Rim, another new all-time high was notched in the Japanese Nikkei Index on Friday, September 19. However, by the close, NKC was down on the day, creating a daily bearish key reversal down signal. China’s SSE Index soared to its highest level in 10 years on Thursday, September 18, before pulling back on Friday. The Hang Seng of Hong Kong also rallied smartly last week to its highest level since July 2021. India’s Nifty also had a nice rally to a new two-month high. But Australia’s ASX fell to a possible primary cycle trough on Thursday, September 18, for a case of regional intermarket bearish divergence.

In Europe, the Netherlands AEX made its weekly high on Thursday, September 18, testing its yearly high of June 11. But the Zurich SMI fell to a probable major cycle low on Wednesday, September 17. The German DAX may have formed its primary cycle trough on the same day, as it then gapped up on Thursday, creating a nice bullish trigger, which oftentimes happens at the start of a new primary cycle. The London FTSE had an inside week after testing its all-time high on the prior Friday of September 12, despite last week’s visit by President Trump, in which both the UK and US signed a huge “Tech Prosperity Deal.”

In the Americas, the Bovespa of Brazil also made a new all-time high late last week. So did several US indices, including the DJIA, S&P, and NASDAQ. There was no divergence at these highs, but this is a powerful geocosmic CRD (critical reversal date) time band, September 19-22, +/- 3 days (see below). Don’t be surprised if a case of intermarket bearish divergence happens early in the new week ahead.

In other markets, Bitcoin rallied to its highest price in a month, in line with our projections given at least week’s special micro webinar, which by the way, was crisp and one of our best ever. That webinar also covered our immediate-term outlook for Gold and Silver, which  – as projected in our favored outlook – had a pullback late last week prior to Mars entering Scorpio (see below). The recording of the webinar is available and still very relevant and highly recommended for traders of Bitcoin, Gold, and Silver, as each is entering highly charged reversal zones now through mid-October. Another big development may be underway in the currency markets following last week’s Fed cut. The Euro tested 1.2000 in the futures market on September 17th, its highest price in 4 years. The US Presidential Cycle correlation to currencies is alive and well!

Short-term geocosmics

 The end of U.S. growth exceptionalism, alongside an active Fed, should allow the USD to continue to fall.

 — Société Générale, “The Fed Will Help, but Keep Broadening,” Research and Insight, September 16, 2025.

This is no ordinary geocosmic period we are in. First of all, it is a solar eclipse. But not just any solar eclipse. This one is part of an important 18-year Saros cycle. As described by Adam Sommer in his recent “Dragon Hole” Substack column, “I couldn’t help but notice that for both Saros 128 (lunar eclipse) and 154 (solar), there were eclipses that took place in the lead-up to important financial crisis moments: 07’, 89’, and most importantly, August of 1971… On August 15th of 1971, Nixon ‘shocked’ the world by taking the dollar off the gold standard, thus ending Bretton Woods (global monetary order post WW2). And once gold was no longer pegged to the dollar ($35 per ounce), it rose nearly 3,000% against the dollar in the coming decade.” https://kosmognosis.substack.com.

Yet this time band contains more than that. The day before the eclipse, on September 20, Venus will square Uranus. The next day (Sunday) through Tuesday, the Sun will be in opposition to the Saturn-Neptune conjunction around 0° Aries. The eclipse itself takes place within a day of the Autumnal Equinox  (W.D. Gann loved equinoxes as potential reversal points) on Monday, September 22. This is also the same day Mars ingresses into Scorpio. On Wednesday, September 24, the Sun forms a grand trine with Uranus and Pluto. If that is not enough, there is also the challenging Mars square Pluto aspect on the same day. Every one of these is a potential reversal signature. Any one of these could indicate a disruptive event or announcement that rattles financial markets.

For example, the Venus-Uranus square falls into the category of our TUMDI signal, which stands for “Trump Uranus Market Disruption Indicator.”  So far, his most recent “Tech Prosperity Agreement” with the UK has been anything but disruptive. US and British stock indices are nearing or making new all-time highs, which is also a characteristic of Uranus in a hard aspect. Uranus loves to break out to new long-term cycle highs or lows that are nearby in any market. We also saw this with Gold and Silver last week. But in the case of stocks, important solar eclipses can also indicate highs from which markets reverse.

However, we also have to consider the party crashers. These include Mars entering Scorpio, forming a waning square aspect to Pluto. Both Mars and Pluto co-rule Scorpio, and this merger is not usually a harbinger of sweet melodies of peace and calm.

The last time Mars was in a waning square to Pluto and very close to entering Scorpio was October 6-7, 2023. You may remember that was when Hamas entered Israel and slaughtered over 1200 mostly young people enjoying an outdoor concert. It set off the current Israeli conflict, still underway in Gaza, with Israel now being accused of perpetrating genocide on the Palestinians, who themselves mostly want to wipe Jews off the face of the earth. This horrendous assault also started Gold on a rabid tear from slightly above $1800 to double that price today, two years later. This, combined with the Saros cycle of 1971 when the Dollar was taken off the Gold standard, coincides with Gold being a major theme in the investment world now. But it is not an aspect for welcoming world affairs. There is no assurance that the present will repeat the past with such gruesome specifics as October 2023. Yet this period of Mars square Pluto, while Mars ingresses into Scorpio, certainly doesn’t suggest that one should be complacent about the possibility of an eruption of violence or a natural catastrophe either. The world is in a dangerous time band, and it would be best not to expose oneself to vulnerable situations where violence or natural calamities (volcanoes, earthquakes, hurricanes, tornadoes) could erupt.

As with all time bands of such geocosmic intensity, traders are advised to look for reversals in any markets that are near long-term cycle highs or lows. Those markets can either break to new highs or lows, or they could reverse suddenly. You have to pay close attention now to unexpected events and/or disruptive announcements and be prepared for sharp price moves. This is fine if you are a trader. But it could be unnerving if you are not, or if you are an investor unsure of what the future holds for your portfolio.

This dangerous time band may also bring good news to those who are flexible and willing to change their plans as a result of a sudden enlightenment, the realization of a better path ahead, if you just change something that is holding you back from your highest potential in life. Go for that. Go deep into your thoughts with a willingness to transform. And avoid taking a risk you cannot afford by entering a situation you cannot control.

Author

Raymond Merriman, CTA

Raymond Merriman, CTA

The Merriman Market Analyst

Raymond A. Merriman is the President of the Merriman Market Analyst, Inc and founder of the Merriman Market Timing Academy.

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