July as a whole may be somewhat vulnerable to declines due to the
extended alignment between Saturn and Rahu, the North Lunar Node. Both
of these malefic planets are now moving backwards while maintaining a
very close 120 degree separation within just two degrees of orb. This
extended angular relationship could damage sentiment over the next
several weeks.
Moreover, we can see that this malefic alignment will activate the
horoscope of the Nasdaq stock index. The growth-oriented Nasdaq has
been outperforming other indexes recently as bond yields have fallen in
anticipation of transitory inflation and a possible Fed tapering of QE
asset purchases later this year. The current planetary afflictions in
the chart are fairly clear. Saturn is forming in a near-exact
conjunction with the natal Sun (18 Capricorn) while Rahu is within
one-degree of conjoining the natal Moon (15 Taurus). Both are
destabilizing influences that reduce the probability for a continuation
of the recent rally.
And since both Saturn and Rahu move quite slowly -- just one degree every three weeks at their current velocities -- the dual afflictions to the natal Sun and Moon will remain in place for a while longer. Typically, aspects are strongest when exact and begin to weaken when they begin to separate. Here we have a more complex set up since Saturn is already separating (i.e. a lessening negative influence) from its conjunction with the Sun while Rahu is still approaching its conjunction with the Moon (i.e. an increasing negative influence). This very mixed picture nonetheless should give bulls pause in the near term.
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