Transit Lines and the DOW JONES

GSCI

This post provides you with an update on how the planetary transit lines are aligning with the DOW. The embedded image herein is the daily DOW futures (basis June contract) over a timeframe of March 2013 to present.

Note that the red lines ( Mars transit lines) continue to provide support and resistance. The DOW peaked back in May as price action hit overhead Mars resistance at the intersection with a Saturn transit line. A Mars line failed to act as support early in June and now the Mars line is acting as overhead resistance. Underlying support from the next Mars line places the DOW at below 15000. A Saturn line at just over 15000 is also currently providing weak support and looks set to fail. So, in summary – the DOW is at a critical juncture. A move above 15,400 would be necessary to restore bullish confidence to me…. 

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