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. Q2 has not let us down either, with plenty of selling into the end of April.
April’s forecast was great, 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: Eight of Swords
Yuck. We have this card present early in the month as a daily card, which may give us a hint at what’s to come for the rest of the month.
This card says we feel trapped and unable to move, see, or hear anything. All we know is that the water is coming close, and we’re starting to panic. The good news is that we can still walk away and escape the danger, but will we?
This card is negative as a daily card, and I think that energy carries over here too. I believe we’ll spend most of the month suffering through periods of weakness, thinking we’re safe only to realize we aren’t.
We may find ourselves stuck in a trade we can’t get out of, but there will be a decent dip buy at some point near the end of the month, perhaps after opex.
Note that we had back-to-back monthly threes, and now the eight says we could be working our way towards the end of this series.
Crypto: Ten of Pentacles
We had the Three of Cups last month, and now find ourselves going 3→10. That suggests continuation in a manner that is similar to stocks. However, the ten also tells us that this could complete the move.
This card is historically positive, so maybe it signals a final cap to the upside. If we find ourselves battling red candles this month, then it likely signals the end of the danger and may offer an all-clear next month.
Note we’ve had this as a weekly theme for crypto and it brought a lot of selling, so don’t be surprised if bears return for a bit.
Metals: Seven of Pentacles
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