The Dow and Co& in July-August
Sun- Pluto Opposition did mark a top as I mentioned in my article last month. There was no trade in the US, but when the market opened, it was with a GAP. Since then we are in a minor correction faze. The question is, will the pessimism push the Dow to the levels in the red box? (7766,-7397)? Or it'll go sideways, waiting to break the " sleeve" (marked on the graph in grey).
Graph 60 min.
Graph 5 min.(intraday trades)
The Dow made a double bottom on the 25th of June, and July 2nd, In exactly 7 days.
On the 25th Mars –Venus conjunction stopped the fall, on the 2nd, it was Pluto. If the Dow falls below the support Pluto line (the low of the 25th, it'll fall to 8033,7960,7890).
Look for a major turn in trend on the 7.7 ( lunar eclipse and Gann day) 15.7, 14 trading days from 21st of June, 22.7 Solar eclipse, 23.7 Gann day.
July 1 Uranus turns retrograde till Dec 5, 2009. Mark this date as a change in trend. Uranus will move from 26 Pisc. To 22 Pisc. The retrograde period should mark a correction.
7.3 Mercury disharmonic angle to Uranus, look out for a GAP.
7.6 Monday, trade will open with Moon in Capricorn and Venus ingress to Gemini. Mars Squares Jupiter which will culminate on the 7th
7.7. The Lunar eclipse in Cancer/ Capricorn will mark a bottom.
The Sun will sextile Saturn and will stop the downtrend.
7.8. Moon apogee.
8.7. update - we can see on the graph what happened since I wrote the article
7.10 Mercury ingress to Cancer in Heliocentric map.
Second week of July is under Mars ingress to Gemini. Mars will bring many swing possibilities for intraday traders.
15th : Mercury trines Uranus- Look out for a GAP.
16.7 update ! W h a t a G A P - breaking the " sleeve"
Minute graph
Daily graph
18th : Mercury ingress Leo, Sun trines Uranus- this will mark a top. Last time the Sun trined Uranus was in Oct.11,2008- also a top.
21st : Venus squares Saturn- important angle for "grain-traders".
22nd : Wednesday, adding up the date we receive=22/4. Number 4 is ruled by Uranus, therefore the Solar eclipse that will occur on this day will have a major impact! It will be felt in China and India mostly, therefore these markets will be afflicted. Expect the unexpected. The eclipse will last 4 minutes, it's effect for four years! This eclipse will occur in the last degree of Cancer, under an Uranus trine and with a Void Moon. Same day Jupiter, Neptune Chiron are on 24 Deg. In Aquarius, which is the coming August Lunar eclipse degree! Three eclipses in a year is very rare….
23rd : till 28th the somewhat easier aspects between Venus-Jupiter & Venus –Neptune will be followed by squares and oppositions, driving the market down again in the end of July.
Will continue with August events in a few days...also to update July..
SSEA- China, what a rally!
Australia-AXJO
Seems powerless, cannot get above the last top 4079, now the technicals show a downtrend and it'll probably fall to 3610
India-NSEI:
The index tried to break the resistence line, but unsuccessful, fall to 4143. If this level will be broken we shall see the NSEI at 3818 and lower.
Canada: SPTSE
In my previos article I wrote that if you watch MA18 you cannot loose on this index. Well, it just fell below this MA, so a correction will come. Target: 566-558-551.
Russia: RDX
Also reached my last month's target, and made a 50% fibo correction. Not, if it will not fell beloe 1126, targets are: 1893, 2000,2100.
Thank you for being here, trade carefully.
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