The Moon Triggers a Key Reversal
The last market week was characterized by an opposition aspect between the planets Jupiter and Neptune that peaked on June 3.
Neptune symbolizes the Nasdaq stock market, drug companies, biotech and computer hardware manufacturers. Jupiter symbolizes luck, expansion and rising prices. It symbolizes the bull. The other planet symbolizing the Nasdaq is Uranus. Uranus symbolizes new inventions, software and chips. Thus the energy released by the Jupiter-Neptune aspect led to rising prices for many Nasdaq stocks during the days before the peak.
On June 4 the Sun was completing a beneficial 120 degree aspect to Neptune. As the Sun is the ruler of the day, this day was another strong up-day for many Nasdaq stocks. But why kept the Nasdaq rallying until June 6 in the morning while the Jupiter-Neptune aspect peaked already on June 3 ?
The answer can be found by looking at the Moon. The Moon in astrology symbolizes the public, public sentiment and public perception. Until the morning of June 6 the Moon was in the same sign as the planet Jupiter - the sign Leo - and was thus prolonging the effects of the Jupiter-Neptune aspect. During market hours on June 6 the Moon entered into the sign Virgo and thus the bullish forces of the Jupiter/Neptune aspect were no longer the focus of the public perception.
The Moon changing Sign led to a sharp reversal in prices. Below I have included a chart of the Nasdaq 100 Index to illustrate this graphically. In fact on June 6 the Nasdaq reversed so much that it closed below the closing price of June 5 and even June 4.
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(c) Markus Rose, www.rosecast.com