First, let’s recap the yearly and quarterly readings:
The yearly reading suggests that this year might not go as planned. We’re beginning a new adventure and should be prepared for surprising news.
We can also pair that with the recently released quarterly readings to provide more insight:
Q1: Six of Wands (Pomp & Circumstance, possible arrogance)
Q2: Five of Cups (Spilled Cups / Mean Reversion)
Q3: Two of Pentacles (Balance)
Q4: Nine of Wands (Battle Weary / Final Battle)
Q1 lived up to expectations, rallying for most of the year and setting up what could be a fall from grace as predicted for Q2.
March’s forecast was near perfect, so there’s no reason to expect otherwise this month. It’s worth noting that many cards were repeated in this month’s draw, which suggests there may be common themes across sectors.
Let’s see what the cards say.
Equity Indices: Three of Cups
This is the same draw we had last month, so that tells me that we could be stuck in place here, seeing some selling pressure that prevents us from pushing higher.
I would expect some quick flushes and small dip buys with squeezes to the upside to wipe out shorts. In the end, we should be happy, and I don’t see anything bearish.
Like March, this may be a month to take some time off and celebrate life outside the markets.
Crypto: Three of Cups
We’re repeating the equities reading here, though it’s coming off the Sun instead of the Three of Cups. This tells me we’re in the early phase of a new journey.
The good news is that this card is bullish historically, so I think this sets up a month with sell pressure preventing major movement, but ultimately proving harmless for those that HODL.
There is a danger that this card begins a journey to the downside, as we’ve been rallying on the back of two Major Arcana cards in February and March. We’ll know by the end of this week. If we see selling pressure all week, then I’d avoid buying dips unless the weekly forecasts say otherwise. Note that this only triggers after a very negative first week.
Metals: King of Wands
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