daytrading june 13 afternoon, page-12

For week of June 10th: Storms clouds ahead this week in the markets. The S & P reached the initial downside target last week on Thursday at 1605 – 1598, exceeding this level by about 5 pts., before rebounding and breaking out to the upside on Friday’s key day and non-farm payrolls. On Monday, there is a Moon,Uranus, Pluto T-Square that should bring a lot of turbulence. On Tuesday, Venus opposes Pluto as Saturn trines Neptune. On Wednesday is the BIG Venus/Uranus square that is almost always a significant market mover. Watch Monday and Wednesday this week and strong volatility. A capitulation of a move likely to occur on Wednesday. The consolidation in Gold continues. Key planetary support is now at 1370 – 1365. This level is important to hold for another turn around. Key planetary resistance is now at 1418 – 1426 at last week’s high. A break out above 1426 will be favorable for more upside for the bulls. Good trading to you!

www.astroadvisor.com