New York edged lower in anticipation of tomorrow's Fed meeting. The transiting Moon will be at 13 Aquarius at the time of the mid-afternoon announcement, which puts it in the neighbourhood of the S&P Venus in the 10th house. Other things being equal, this is a good placement that might give the market a little boost. And yet, the Mars in the second degree of Cancer aspecting the 1792 Jupiter suggests that any gain will be short-lived. The market may wait until Thursday or Friday to sell off to any extent.
Bombay is coming off a bullish Tuesday that saw the Sensex up 2% to 17,400. Another up day is very possible Wednesday as transiting Sun comes under the helpful influence of the natal Jupiter in the BSE-100 chart. This may push the Sensex over some key moving averages and give sentiment a boost. If the market only closes slightly above these levels, then the bullish signal will remain to be confirmed. A correction is only possible for Friday or perhaps Monday.
As forecast, the Euro headed lower as it closed today at 1.5575. Look for the sell off to continue tomorrow, although prices may firm up for the end of the week.
Oil plunged over $3 Tuesday and closed at $115.62 as my prediction for a major correction was partially borne out. Wednesday doesn't look obviously bad, so it's possible that current prices may hold, at least until Thursday or Friday when they will certainly turn lower again.
Gold closed down $18 to $876, as per my bearish prediction. Prices could hold up Wednesday around here, but by Friday, look for lower lows.
