It’s a trading concept astro-traders use.
But most other traders have never even heard of it.
But there it is.
Planetary resistance is like regular resistance in technical analysis.
It’s an upper limit.
Essentially, it’s a zone that inhibits prices from going higher.
In technical analysis, we can find resistance in previous market highs.
More specifically, a high that’s held up after being tested repeatedly offers strong resistance.
When that happens, prices are unlikely to go higher.
Or we can use technical tools to project resistance zones.
A Fibonacci retracement. A Fibonacci extension.
Or an Elliott Wave target.
It doesn’t really matter how we get there.
By defining resistance, we can set price targets.
We can clarify our trading expectations.
And we can trade more effectively as a result.
What About Planetary Resistance?
But what makes planetary resistance different?
It’s market resistance derived from planetary positions.
So correspondences between planetary positions and market prices are a key.
As described in the book Gann Secrets Revealed Volume 1, each degree of the zodiac matches specific prices.
By understanding those matches, we can track trading action.
Then, based on specific planetary alignments, we can anticipate trend changes.
It’s a fabulous trading tool.
That’s why I discussed planetary resistance with Larry Pesavento yesterday on his TFNN show.
We chatted about this S&P chart:
It highlights planetary price lines for Mars and Saturn.
With either stocks or commodities, planetary price lines reveal trading opportunities.
“There Must Be Something There.”
So I shared this chart with Larry.
He noted that “You mention Mars. You know W. D. Gann spent a great deal of time… And a lot of his charts have markings of Mars and things like that. Is that the same type of work you’re working on?”
I confirmed that connection. In response, Larry noted the precision of planetary resistance.
He looked at the price bars on the chart. Then he said “it’s amazing how they bounce off those red lines. There must be something there. That’s for sure!”
Here’s the full interview from the Trade What You See program:
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