S&P 500: When is the next major change in trend?
|Recap 8/18 - The S&P opened flat, had a quick first minute 3 handle bounce, and then declined 12 handles into a 10:02 AM low of the day. . From that low, the S&P rallied 25 handles into an 11:50 AM high. From that high, the S&P declined 21 handles into a 12:45 PM low From that low, the S&P rallied 27 handles into a 3:38 PM high of the day. From that high, the S&P declined 13 handles into the close, with a 4 handle bounce on the closing bell.
8/18 – The major indices had a small up day to finish with the following closes: DJIA + 18.72; S&P 500 + 9.70; and the Nasdaq Comp. + 27.92.
Looking Ahead – We are in a relatively quiet period now. The next major change in trend window is 8/23 – 8/23 AC. Please see details below.
The Now Index is in the NEUTRAL ZONE.
Coming events
(Stocks potentially respond to all events).
2. F. 8/18 AC – Moon’s North Node 45 US Venus. Moderate change in trend US Stocks, T-Bonds, US Dollar.
G. 8/19 AC – Geo Mars enters Gemini. Important change in trend Stocks.
3. A. 8/23 PM – Saturn Parallel Latitude Neptune. Major change in trend Coffee, Copper, COMMODITY INDEX, OIL.
B. 8/23 PM – Jupiter 120 US North Node. Major change in trend US Stocks, T-Bonds, US Dollar.
C. 8/23 AC – Mercury Aphelion. Major change in trend Corn, Gold, Oats, OJ, Soybeans, Wheat.
D. 8/23 AC – Uranus in Taurus turns Retrograde. Major change in trend Cattle, Copper, Cotton.
Stock market key dates
Market Math
8/23 = 17,424 (132^2) days > 12/09/1974 MAJOR LOW.
8/28 = 8,192 music days > 3/24/2000 MAJOR HIGH.
Fibonacci – 8/22,
Astro – 8/19, 8/24, 8/26. AC
Please see below the S&P 500 10 minute chart.
Support - 4260, 4228 Resistance – 4330, 4367.
Please see below the S&P 500 Daily chart.
Support - 4260, 4228 Resistance – 4330, 4367.
Please see below the August Planetary Index chart with S&P 500 10 minute bars for results.
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