Weekly Finstrology Update for June 3: Moving and Shaking

June 2, 2024

All times Eastern

This week’s emphasis is on Gemini, the sign that rules trading and stock indexes, in large part because Mercury enters the sign early Monday morning. Mercury is going to whiz through Gemini, which it rules, in just two weeks, exiting on June 17. Watch for fast-moving news and markets during this time.

With Mercury newly in Gemini, two major stock indexes could make a turn on Monday. The S&P 500 could make a high with transiting Mercury and Jupiter square its first-trade Mercury and trine its first-trade Jupiter; 5284-5294 could provide resistance. Meanwhile, the Nasdaq-100 could make a low (watch 18,500 for support) as its natal Mercury receives a trine from transiting Mercury and Jupiter and conjunction from Pluto. The transiting sun and Venus square the S&P 500’s natal sun while they trine the Nasdaq-100’s natal sun. 

Tuesday, June 4, is the biggest Gemini day of the week, with three planetary aspects occurring in that sign. Mercury conjoins Jupiter at 6:23 a.m., which could create an expansion of news and trading volume. Each of those planets had made a trine with Pluto in Aquarius (Jupiter on Saturday, Mercury earlier on Tuesday), so the news and trading could concern technology, Pluto’s focus while in Aquarius. Also on Tuesday, the sun and Venus conjoin in Gemini, putting a spotlight on high-profile financial matters in the Gemini realm.

The Gemini week wraps up on Thursday, June 6, with the new moon in that sign. Thus, new intentions surrounding trading, news, and communications will be at the forefront and could reach a culminating point at the full moon on June 21.

Markets on the Move

ALL Allstate Corporation

This spring’s active weather scene—wind, rain, hail, and tornadoes—puts a spotlight on the insurance companies who help repair and rebuild. Indeed, with 850 tornadoes and counting and at least 30 rated EF1 or higher, this year could be one of the most active in 30 years, according to the Storm Prediction Center. The National Oceanic and Atmospheric Administration predicts an 85% chance of an above-normal hurricane season.

Allstate Corporation began operations on April 17, 1931, offering auto insurance by mail, like its parent company, Sears Roebuck. Only when Sears decided to sell just under 20% of its ownership did the stock go public on June 3, 1993. It was the largest IPO in history at the time, with 78.5 million shares raising $2.12 billion. 

The stock’s birthday is on June 3, and prices could hit a peak that day as both the sun and Venus conjoin the first-trade sun. What’s more, transiting Mars conjoins first-trade Venus, which also happens to be conjunct the company’s natal sun from 1931. 

Look for volatility in the first half of July. Prices could make a low on July 5 when Mars squares its first-trade position. However, prices could rebound to a high on July 12 when the sun opposes natal Uranus and Jupiter is aligned with the first-trade sun. Another low could be in store on August 5 as the moon, Mercury, and Venus oppose first-trade Saturn. In addition, transiting Mars conjoins the natal sun, while the transiting sun conjoins first-trade Mars.

Weekly Highlights

  • Crude Oil High on Monday, June 3—Mars and the moon are both conjunct the market’s first-trade Mars. Look for resistance near $80.00 per barrel in July futures.
  • Gold High on Tuesday, June 4—First-trade Jupiter receives a trine from transiting Venus and a conjunction from the moon. Also, Pluto is partile square natal Uranus. Watch for resistance in August futures between $2405 per oz. and $2415.
  • 10-yr. T-note High on Tuesday, June 4—Mercury and Jupiter, both at two degrees Gemini, are partile conjunct the market’s first-trade Mercury. In addition, the transiting moon is conjunct the natal sun. Look for resistance in September futures near 109-100.
  • Euro FX High on Thursday, June 6—The sun, moon, and Venus all are trining the market’s first-trade Venus, the most sensitive planet in its horoscope that makes good news as good as it gets. June futures could face resistance at 1.09000.
  • Soybeans High on Thursday, June 6—The new moon and Venus are aligned with the market’s sensitive first-trade moon/Jupiter opposition, with Saturn in a partile square to it as well. Also, Mercury and Jupiter are trine natal Mercury. Look for resistance between $12.45 per bu. and $12.60, basis July futures. 
  • Bitcoin High on Friday, June 7—First-trade Jupiter receives a trine from Jupiter, a conjunction from Pluto and a square from Mars. Mercury trines its sensitive first-trade position. Watch the $70,000 level to see if this Jupiter energy can push prices through that resistance. Clearing $74,500 is the next major hurdle.

All information in this post is merely the personal opinion of the author and not that of Astrology.com or any other person, company, or entity. This information is not to be construed as financial advice, nor relied upon as such. Please contact your broker or financial advisor for trading and investment advice, and use astrological indicators in combination with other trading-decision inputs. Past results are not necessarily indicative of future market behavior.