I’ve been waiting nearly 18 months for Friday, Aug. 30, 2019 to arrive. That’s when the planetary lineup vs. the S&P 500 is a mirror image of what it was when the market topped in 1987, two months before the Crash of 1987 that sent stocks down 21% in a day. What’s more, it’s the first time since then that these same five planets have been in this position.

Interestingly, this same five-planet lineup hits four other major-sector markets in significant trend-changing ways. While Euro FX could make a high like the S&P 500, lows could be in store for gold, soybeans and the 10-year Treasury note.

Tuesday, Aug. 27

  • Low in Gold: Transiting planets are connected to two major players at the time of lows in the gold market. First, the transiting Moon is opposite Venus, the most activated planet in the gold first-trade horoscope chart at lows. Second, transiting Venus, Mars and the Sun all are in a 120-degree trine to the gold market’s first-trade Sun. Pay special attention to the planetary price conversion levels as gold typically bottoms within $5 to $10. In December gold, look for support at $1,508 per oz., then $1,423. Be aware that the movement of the Moon points to Friday, August 30 for a potential low as well.

Friday, Aug. 30

  • High in Euro FX: The five transiting planets in Virgo (Sun, Moon, Mercury, Venus and Mars) make strong aspects to three planets in the first-trade horoscope for Euro FX. They are all opposite the Moon in Pisces, one of the dominant features of a high. They also are in a 120-degree trine to first-trade Mercury (with transiting Uranus conjunct, too). Finally, the five Virgo planets are in a 90-degree square to first-trade Pluto. Look for planetary price conversion resistance at $1.1360 to $1.1380 
  • Low in Gold: Friday’s trade offers the potential for low in gold, too, as the transiting Moon has moved into the group of planets that are trine the market’s first-trade Sun at 09 Capricorn. The same planetary price conversion levels from Tuesday apply — $1,508 per oz., then $1,423.
  • Low in Soybeans: The cluster of five planets in early degrees of Virgo hits the first-trade soybean futures horoscope chart at its very top, a most significant position. The transiting Sun, Moon, Mercury, Venus and Mars are all conjunct the first-trade horoscope midheaven and Mars. In the nearby September contract, look for support at the planetary price conversion level of $8.38 per bushel. With a similar planetary setup in August 1987, nearby soybeans made a bottom at $5.07 ¼ before more than doubling to $10.99 ½ the following June.
  • High in S&P 500: Five transiting planets — Sun, Moon, Mercury, Venus and Mars — are directly opposite the three most critical planets in the S&P 500 index horoscope chart: The Sun, Mercury and Venus. In addition, transiting Jupiter is conjunct with the S&P 500 natal Saturn. Both sets of indicators are a mirror image to the transiting lineup when the stock market topped in 1987. Look for resistance at the planetary price conversion levels of 2944, 3003-3010, and the all-time high at 3038. A breakthrough to new highs could climb as high as 3223, the end-of-cycle conversion level.
  • Low in 10-year Treasury note: The transiting Sun, Moon, Venus and Mars, between 06 and 11 Virgo, make a 120-degree trine to the 10-year T-note Sun in its first-trade horoscope chart. The Sun — either transiting or natal — has been in play in nearly all the major lows in this market since 1982. This day has both the transiting and natal Suns involved. In addition, transiting Mercury is at an exact 90-degree angle to first-trade Mercury. Look for support in nearby September at the planetary price conversion levels of 129-04 to 128-05, the latter being particularly strong. 

Last Week’s Scorecard (through Thursday’s close)

Pretty Darn Good

  • Low in Crude Oil on Monday, Aug. 19: Nearby October made the low for the week on Monday at $54.79 per barrel, then rallied to $57.13 on Wednesday.

The position of planets in the sky as they relate to their positions when a market first began trading can provide clues to potential trend changes. The energy is strongest on the days noted in this post, but it is not unusual for the effect to be seen a day or two either side. See backgrounder “Market Analysis with Astrology” for further information.  

Susan Gidel is editor of the Red Letter Trading Days newsletter.