S&P 500On Monday September 10th I mentioned that "If the S&P was to approach 1441 or 1465 on Thursday there is a increased probability of a market reversal at that time." On Friday the S&P closed at 1465.77. Why is this level important? This is due to the vibrational harmonic of Uranus in this time frame.
- September 13th: Uranus was 120 degrees from Venus
- September 19th: Uranus is squared Pluto
- September 20th: Uranus is opposed Mercury.
- September 29th: Uranus conjunct Harvest Moon. (opposed both the Sun and square Pluto)
To determine the degree of a price level on a Gann Square of Nine the following formula can be used:
Sqrt(Price) x 180 = X
X -225 = Y
Y/360 = Z.zzz
Subtract the whole number Z to end up with .zzz
.zzz x 360 = The corresponding degree associated with the price.
If we use Friday's close of 1465.77 the following degree is ascertained.
SQRT of 1465.77 = 38.2853758
38.2853758 x 180 = 6891.36764
6891.36764 - 225 = 6666.36764
6666.36764/360 = 18.5176879
18.5176879-18 = .5176879
360 x .5176879 = 186.367644 degrees.
This is very close to 180 degrees from the position of Uranus.
This time frame also had a new moon (Saturday September 15th) which is often coincident with a market pivot. The chart below shows that the S&P hit the parallel resistance line and then backed off into the close. While this may not mark the anticipated high it does suggest that the 1465 level should be closely monitored. This week sees some more Uranus action with Uranus squaring Pluto on Wednesday and opposing Mercury on Thursday. It should be noted that the market may hang in until the 29th when Uranus is conjunct the Harvest Moon at 7* Aries.
The market is becoming over-bought and the recent high is 1.272 the amplitude of the May-June correction. It is time to be cautious and to look for signs of a reversal.