Weekly Finstrology Update for October 10: Mid-Week Fed Watch
The trading week starts and ends calmly, but could face volatility and a stock market low on Wednesday following the release of minutes from the Fed’s September 20-21 meeting.
Over the weekend, Pluto turned direct in motion, so is now moving forward with its transformation of business and government. On Sunday, the full moon peaked in Aries, also bringing a move-forward vibe. However, trading could be light on Monday with both the U.S. government and banks closed for the Columbus Day holiday.
By Monday night, Mercury has joined the sun and Venus in the cool, calm, collected sign of Libra. In the pre-dawn hours of Wednesday, it opposes Jupiter for the final of three passes that began in early September, which could provide a feeling of optimism, as it is supported by a sun/Saturn trine.
However, that feeling could be short-lived as the first of three squares between Mars and Neptune over the next five months kicks in to deliver a sense of doubt. The Fed’s September meeting minutes are released at 2:00 pm. They will reveal details about the discussion the FOMC had about the economy and employment as it decided to raise interest rates 0.75 percent.
Astrologically, the S&P 500 could make a low on Wednesday because both the sun and Venus are opposite its first-trade moon. The market’s natal moon is especially sensitive to transits from these two planets and perhaps exceptionally so as they are traveling closer and closer together in the sky. Significant levels of potential support could be 3730, 3616, and 3583.
Any financial concerns could ease by Friday after Venus, in its ruling sign of Libra, trines Saturn to provide assurance that money matters are under control.
Markets on the Move
CME CME Group Inc.
Chicago-based CME Group is the world’s leading derivatives marketplace, offering exchange-traded and over-the-counter products and clearing on all major asset classes, including stock indexes, interest rates, foreign exchange, metals, energy, agricultural products, and cryptocurrencies.
On Friday, September 30, The Wall Street Journal reported that CME Group had filed with the industry’s regulator, the Commodity Futures Trading Commission, in August to expand its offerings to include handling brokerage clients directly. In the current industry setup, only brokerage firms—not exchanges—handle customer accounts. Apparently, CME Group was following the lead of the crypto platform FTX, which proposes to allow customers direct access to its crypto futures exchange.
CME stock began trading on December 6, 2002, on an extremely fortunate day, when the sun and Pluto were conjunct within 3 degrees, and both trine Jupiter within 4 degrees. Financial astrologer Grace Morris calls connections among these three planets “Magic Formula” days for indicating a newly launched stock that will be successful. Indeed, CME’s record-low price occurred just as it opened for trading, at $7.78 ($38.90 before the 5:1 split in 2012).
In October, look for a potential low on October 10, when transiting Mercury squares first-trade Mercury while Venus and the sun square first-trade Moon. A high could be on tap by October 25, when the sun, moon, and Venus are conjunct first-trade Venus/Mars while Mars and Jupiter form a T-square with the first-trade Mercury/Saturn opposition.
Long-term, watch end-March 2023 for a big high in the stock, particularly Tuesday, March 28. That’s when transiting planets form two separate grand trines with first-trade planets. The first is with Mercury and Jupiter trining the first-trade “Magic Formula” planets; in 2011, the first and most recent time Jupiter was in this position, prices peaked just above $62 in mid-April, falling 25% by mid-August. The second grand trine is with transiting Mars and Saturn trining first-trade Venus/Mars.
10-yr. T-note High on Tuesday, October 11—Mercury and Jupiter are each aligned with opposite ends of the extremely important Mars/Venus opposition in this market’s first-trade chart that could portend a high in interest rate prices (a low in interest rates). Watch for stiff resistance at 114-02, basis December futures, just a few ticks above the October 4 high of 113-30.
Euro FX High on Wednesday, October 12—The moon and Mercury are connecting by conjunction and trine, respectively, with this market’s first-trade Mars, while the sun and Venus oppose first-trade Venus. Both Mars and Venus are sensitive planets in the first-trade horoscope. Watch for resistance in December futures at 1.0220.
Gold Low on Wednesday, October 12—Two of the most sensitive planets—Mercury and Venus—in the gold first-trade horoscope are in play on this day. Transiting sun and Venus are square to the pair, while the moon and Uranus are trine. Basis December gold, look for support in the $1688 per oz. to $1694 range. Beyond that, $1651 looks supportive.
Bitcoin Low on Thursday, October 13—Price could bottom as the moon forms a grand trine with first-trade sun and Saturn, with the sun and Venus square the sun. In addition, Mercury is trining the natal Mercury/Jupiter conjunction. Prices to watch on the downside for support include $1971, $1918, and $1833.
Soybeans Low on Thursday, October 13—The day following an important report on the size of this year’s crop, beans could make a low because transiting Mercury is partile conjunct its first-trade position. At the same time, the sun, Venus, and Saturn all are trining the market’s first-trade moon, with Mars conjunct. In November beans, $12.98 per bu. could provide significant support.
All times listed are Eastern Time.
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.