First lets take a look at the astrology which the market is facing then I'll explain the facts.
First we have Venus turning retrograde... very important for the thought process of traders.
With the Planet of Money turning retrograde many will begin to question the markets ability to push higher.
You tend to see during this time the bear are out and about dancing all be it at time prematurely.
With the moon heavily impacting this moon news will swing both sides.
As it moves into different sign you will also see short spurts up and down.
Use caution tho as Jupiter in Taurus is shining on the US stock market at the present time.
The Facts
During a Venus retrograde period BEARS do tend to get slaughtered only to have the market go there ways after they have lost there shirts.
The market does also tend to overstate issue which is upon it..
Whether its good or bad the truth I guess is somewhere in the middle.
Bulls chargers tend to be very aggressive as they do catch out bears.
As its also a election year for some reason bad news tends to come out during this time frame don't ask me why but it does.
Revisions to the downside economically and others like ( employment, GDP, PPI etc).
Only to have numbers running hot heading into the election campaigns.
This has happen 7 of the last 8 times..
Another thing to consider is that we are heading into options week and as always it tends to push to the upside, the market just doesn't seem to want to collapse as many believe, with there technical work.
For a market to run down hard to need the boat loaded on the opposite side and then that panic would create that environment.
Right now I just don't see it .
There my thoughts and I urge caution..
Happy hunting to you all
First we have Venus turning retrograde... very important for the thought process of traders.
With the Planet of Money turning retrograde many will begin to question the markets ability to push higher.
You tend to see during this time the bear are out and about dancing all be it at time prematurely.
With the moon heavily impacting this moon news will swing both sides.
As it moves into different sign you will also see short spurts up and down.
Use caution tho as Jupiter in Taurus is shining on the US stock market at the present time.
The Facts
During a Venus retrograde period BEARS do tend to get slaughtered only to have the market go there ways after they have lost there shirts.
The market does also tend to overstate issue which is upon it..
Whether its good or bad the truth I guess is somewhere in the middle.
Bulls chargers tend to be very aggressive as they do catch out bears.
As its also a election year for some reason bad news tends to come out during this time frame don't ask me why but it does.
Revisions to the downside economically and others like ( employment, GDP, PPI etc).
Only to have numbers running hot heading into the election campaigns.
This has happen 7 of the last 8 times..
Another thing to consider is that we are heading into options week and as always it tends to push to the upside, the market just doesn't seem to want to collapse as many believe, with there technical work.
For a market to run down hard to need the boat loaded on the opposite side and then that panic would create that environment.
Right now I just don't see it .
There my thoughts and I urge caution..
Happy hunting to you all
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.