Weekly Finstrology Update for October 17: Prepare for a Rough Landing
The end of this trading week sets up astrologically for a potential stock market crash—with forecasting only bringing such type of climate over the next 10 years, in 2023, 2030, and 2031.
Several factors converge to create this setup.
- The 27th and 28th days of the seventh lunar month (October 21-22) have bearish potential, according to research by author Christopher Carolan.
- This month’s full moon on October 9 was in the window of October 3-19, inclusive; this was another indicator researched by Carolan.
- My research shows that transiting planets on Friday, October 21 are connected to the first-trade horoscope of the S&P 500 in ways that have occurred in previous crashes—including conjunct Neptune, opposite sun, and opposite moon.
Industry-wide circuit breakers halt trading temporarily at declines of 7 percent, 13 percent, and 20 percent from the previous close in the S&P 500. In ballpark figures assuming the market is at 3500, that would equate to declines to the following levels (and their astrologically significant levels): 3255 (3256); 3045 (3058), and 2800 (2774-2830).
The sun and Venus are moving closer together as they aim for their conjunction on October 22. The pair, in Libra, trine Mars in Gemini on Monday/Tuesday for high-energy action. And on Wednesday/Thursday, they square Pluto in Capricorn to create tension concerning financial matters.
Markets on the Move
JP Morgan Chase, the largest bank in the United States with $3.4 trillion in assets, has banking roots that extend to 1799’s formation of The Manhattan Company by Aaron Burr and Alexander Hamilton. In 1871, J. Pierpont Morgan formed Drexel, Morgan & Co., a private merchant bank with partner Anthony Drexel. Together, they were major financiers of the growing railroad industry.
In 1895, the company was renamed J.P. Morgan & Co. and helped finance Thomas Edison, General Electric, U.S. Steel, and the Panama Canal. Morgan and his bank stepped in to restore public confidence following the Panic of 1893 and Panic of 1907 by supplying liquidity into the financial system.
J.P. Morgan is said to have been a client of New York astrologer Evangeline Adams, one of the first astrologers to gain popular acclaim in the late 19th and early 20th centuries. Many astrologers credit him with the quote: “Millionaires don’t use astrology, billionaires do,” but I have yet to find any solid evidence of the quote or its author. Still, it’s a great quote.
What is more compelling to me is that Morgan might have paid attention to astrology is related to the Titanic. He was head of the ship’s parent company, White Star Lines, so scheduled to sail on its maiden voyage on April 10, 1912, but was canceled at the last minute. It set sail under a Mercury (travel and communications) and Jupiter (success and international travel) retrograde.
J.P. Morgan & Co. Incorporated first sold stock shares to the public in 1940. The current company, JPMorgan Chase, was listed on April 1, 1969, under the ticker symbol JPM.
The company reports third-quarter earnings on Friday, October 14, and could feel price pressure that extends into Monday, October 17. That is the day after the sun is exactly opposite its first-trade Venus and the day that Venus is in a similar position. Similar oppositions put in lows in 1998, 2002, and 2005. Longer-term, the stock could reach peak exposure when transiting Jupiter conjuncts its first-trade sun on February 28, 2023, an aspect that occurs just once every 12 years.
Gold Low on Monday, October 17—The gold market’s first-trade Venus is highly activated by squares from Venus and the sun as well as an opposition from the moon, both of which could pressure prices. The $1629 per oz. level, near the September 28 low of $1622.20, could provide support. If not, $1573-$1581 would be the next level lower.
10-yr. T-note Low on Wednesday, October 19—Venus and the sun are conjunct first-trade Pluto while transiting Pluto is square, putting pressure on a Pluto-ruled market. Astrologically, the next lower support level beyond last week’s drop to near 110-000 is 107-080.
*All times Eastern
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.