Time Price Analysis Highlight June 7 Importance

Technical AnalysisI though I would provide a quick time price analysis update, as today may bear some significance. The next planetary station to mark on the x-axis is June 7 (see my article on planetary stations for reference). This time, the planet to station is Neptune, which represents dreams, hopes and rose-colored glasses. As Neptune stations retrograde, the S&P 500 (SPX) returns to levels when it peaked around the Pluto station in mid-April.

A couple of key questions:

  • Will this be just another pivot point as we’ve seen with the previous stations in recent months?
  • Or will the return to April levels be representative of a market that is ready to go on vacation to reset and allow some highflyers to come back down to earth?

Time Price Analysis Chart – S&P 500

spx time and price analysis chart

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Time Price Analysis Sources:

No position in any of the mentioned securities at the time of publication.

Twitter:  @RinehartMaria and @seeitmarket

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