New York equities finally took that forecast tumble as the Dow closed down about 1.7% to 12,083 and while the SPX ended the day at 1335. While I had expected declines Monday, this does set up the real possibility of further declines Thursday and Friday which may get us within striking distance of the forecast low of 1320 on the SPX. My guess is we make it and then some.
The BSE has also been struggling this week so it will be interesting to see how low it can fall. It seems certain to break through 15,000, but it may finally revisit winter lows if the selling develops a head of steam. It's very possible if the Nifty Futures chart works as advertised. The natal conjunction of Sun and Venus at 27 Taurus is currently under aspect from tr. Rahu while tr. Sun and Venus more or less exactly conjoin their natal positions. There is a lot of energy there for a significant price movement. And given that Tr Rahu is conjunct the natal Uranus opposed by tr Mars, it really does look quite precarious for long positions. This is not to say a sudden rally might also manifest from the Rahu-Sun-Venus configuration, but all things considered, I think the sentiment should be negative, especially for Friday.
I missed the early week sell off in the Euro, but today's rally has put it in better position for a late week move upwards. Friday is key here since the tr Venus conjoins the natal Moon in the 10th house. By rights, it should be a major rally. This will be a good test of the usefulness of the Euro chart (Jan 1 1999, 00.00).
After coming off Friday's highs, Oil again rallied today on reports of falling US inventories and closed up $5 to $136. I had forecast continued strength this week and today's action partially validates that prediction. The tr Sun and Venus are very close to the Ascendant in the US Oil ETF chart so that may be one possible source of the rally. Also they are applying to trine Neptune close to the MC in the futures chart, so if all goes according to plan (which it never does), we may see Oil well over $140 by the end of the week.
Gold had a good day today finally as it closed up $14 to $883. I had predicted the early week sell off from the tr Mars opposing the Gold ETF Moon, although I hadn't quite allowed for that much of a rout. I still think we have some upside to explore for the rest of the week, although my forecast high of $920 may be overly optimistic.
