slam down in the Euro, and strength of the U.S. Dollar also puts pressure on commodities like Gold and Silver, because they trade in U.S. Dollars. Both were making new monthly highs before the ECB announcement. By Friday, the next day, Gold was trading at its lowest level of 2018. However, Silver was well above its low for this year, for a developing case of intermarket bullish divergence. Bitcoin also took a hit last week. It fell to 6129 on June 13, its lowest mark since the big drop from December 18 into February 6, down to 5911. From a charting point of view, this creates a problem because this cryptocurrency broke below the base of a contracting triangle, which now puts it at risk of falling below $5000, per our recent webinar comments. We will discuss it again – and show our studies - in our next webinar, which will take place next Friday, June 22, at the AAGB conference outside of London (see announcements at the end of this column).
Repressed market prices were also witnessed in precious metals and bitcoin last week. Both Gold and Silver fell to new lows for this year, as Gold traded below 1250 and Silver below 1600. But both closed up on Friday, which in the case of Gold, is a key reversal up signal that will mean something if Monday is also up nicely. Bitcoin closed below 6000, which breaks the lower line of a contracting triangle, which is usually a bearish indicator. The full moon on Saturn, and Mars retrograde seemed to place a lot of pressure on these markets last week. However, hope for the precious metals may be on the way if the currency markets are any indication. The Euro held above its double bottom on pullbacks last week and ended Friday on a very bullish note. It formed a triple bottom around 1.1500 late last week, which may be a spring board to the start of a new 17-month cycle, which is due. It all fits well with last week’s column, stating, “We may see behaviors start to shift by (or shortly after) the full moon in Capricorn at the end of this week, June 27-29. That full moon is also conjunct Saturn (Sun/Saturn opposition), just a day after Mars turns retrograde. We already see a heavy Venus grand square in force, combined with a strong Neptune, stationary. To that, the cosmos will now add a heavy Saturn/Capricorn influence with a powerful Mars stationary. This brings to mind the pressure cooker reaching an extreme boiling point. Then this offensive dynamic gradually recedes, as the Moon begins to wane over the following two weeks, and Jupiter starts to assert his dominance. The mood probably becomes lighter, although there is a possibility that everything becomes even more exaggerated, and morphs into hysteria. I am thinking that we may get a break, and conscientious acts of kindness and efforts exhibiting goodwill may become noticeable.”
This brings us to the meeting between Russian President Vladimir Putin and Donald Trump next week. The solar eclipse takes place on July 12, in opposition to Pluto, and also during Mars retrograde. The opposition to Pluto implies an underlying agenda is present that may be “top secret.” The Mars retrograde implies it will likely not be enacted as wished; there will be problems in getting the support, or actors in place, necessary to carry the plan out. You wonder who or what is being eliminated or undermined. With whom and where will the chess master Putin align? China or the USA? Does he – Libra that he is - even know yet? The solar eclipse is also making a grand trine with Jupiter and Neptune, and it’s a north node eclipse (not a south node one), which means there is promise and hope here. But in typical Neptunian fashion, that may be more the illusion than the reality. It will look and sound promising, with the prospect of a hero emerging. But who is the master of the hero-puppet that is being presented as one who is going to rescue – save - the threat of a trade war that engulfs the world’s attention now? My view is that the major factor at work is the planet making a conjunction or opposition to the solar eclipse – Pluto, in this case – and the other aspects are only window dressing that contain far less impact. Be prepared for a week - or six weeks – of some incredible maneuvers taking place on the world stage. The world may look very different by the end of August. This is shaping up to be another important step in “The Great Reset” that alters the way we conduct business with one another. Copied from mmacycles.com Tags: plus geocosmic critical reversal dates, Financial and Mundane Astrology outlook for the week ahead in financial markets and world events, by Raymond Merriman.
This brings us to the meeting between Russian President Vladimir Putin and Donald Trump next week. The solar eclipse takes place on July 12, in opposition to Pluto, and also during Mars retrograde. The opposition to Pluto implies an underlying agenda is present that may be “top secret.” The Mars retrograde implies it will likely not be enacted as wished; there will be problems in getting the support, or actors in place, necessary to carry the plan out. You wonder who or what is being eliminated or undermined. With whom and where will the chess master Putin align? China or the USA? Does he – Libra that he is - even know yet? The solar eclipse is also making a grand trine with Jupiter and Neptune, and it’s a north node eclipse (not a south node one), which means there is promise and hope here. But in typical Neptunian fashion, that may be more the illusion than the reality. It will look and sound promising, with the prospect of a hero emerging. But who is the master of the hero-puppet that is being presented as one who is going to rescue – save - the threat of a trade war that engulfs the world’s attention now? My view is that the major factor at work is the planet making a conjunction or opposition to the solar eclipse – Pluto, in this case – and the other aspects are only window dressing that contain far less impact. Be prepared for a week - or six weeks – of some incredible maneuvers taking place on the world stage. The world may look very different by the end of August. This is shaping up to be another important step in “The Great Reset” that alters the way we conduct business with one another. Copied from mmacycles.com Tags: plus geocosmic critical reversal dates, Financial and Mundane Astrology outlook for the week ahead in financial markets and world events, by Raymond Merriman.
I know, this is a market report and here I am giving psychological advice. Here is some advice for market traders. Expect wild price swings as unexpected events and sudden changes of mind and policies are announced. Understand that no support or resistance level is safe from being taken out (that may pertain to other mundane matters as well). Many markets may fall far harder, or rally far more spectacularly, than you imagined, July 25-August 9. And then they may reverse. Don’t buy support, but rather wait to buy beneath support. Don’t sell resistance but wait for exhaustion (and there will likely be plenty of exhaustion). Pay very close attention to strong movements and reversals in tech stocks and wheat prices. Weather and sudden events in nature or the electrical grid may cause havoc. There may be much electricity in the air, and tremendous chemistry (attraction) between people, but it may not all be safe or familiar. Go for safe and familiar if you are not sure. Copied from mmacycles.com
