The major indices have a whipsaw day and finishes mixed
|Recap 6/17 – Friday, the S&P opened nearly flat and then rallied 43 handles into a 9:55 AM high of the day. From that high, the S&P declined 71 handles into a 10:49 AM low of the day and new low for 2022. From that low, the S&P zig zagged 67 handles higher into a 2:43 PM high.
From that high, the S&P declined 32 handles into a 3:14 PM low. From that low, the S&P rallied 23 handles into a 3:26 PM high. From that high, the S&P declined 21 handles into the close.
6/17 – The major indices had a whipsaw day and finished mixed per the following closes: DJIA - 38.29; S&P 500 + 8.07; and the Nasdaq Composite + 152.25.
Looking ahead - Our next change in trend window is 6/17 AC with three Astro events. Please see details below.
Friday’s price action and close doesn’t offer a clear set up. We will need to see some dramatic action via Tuesday’s open to offer a good opportunity.
The Now Index has now moved from the BUY ZONE to the BUY ALERT ZONE.. This is a cautionary indication for a moderate Imbalance of too many shorts. This is not an outright buy signal.
Coming events
(Stocks potentially respond to all events).
- B. 6/17 AC – Saturn Parallel Neptune. Major change in trend Coffee, Copper, Commodity Index, OIL.
- 6/17 AC – Mars Perihelion. Major change in trend Corn, Gold, Oj.
- 6/17 AC – Jupiter Contra-Parallel Latitude US Neptune. Major change in trend US Stocks, T-Bonds, US Dollar, Oil.
- A. 6/21 PM – Uranus 45 US Venus. Moderate change in trend US Stocks, T-Bonds, US Dollar.
- 6/23 AM – Jupiter 60 US Ascendant. Moderate change in trend US Stocks, T-Bonds, US Dollar.
- 6/27 AC – Neptune in Pisces turns Retrograde. MAJOR change in trend Commodity Index & Oil.
- 6/28 AC – New Moon in Cancer Apogee. Major change in trend Financials, Grains, Precious Metals, Silver.
Stock market key dates
Market math
6/18 (Sat.) = 17,358 Music days > 12/09/1974 MAJOR LOW
*DJIA – 6/27
Fibonacci – 6/21, 6/27
Astro – 6/21, 6/28, 6/29, 7/1 AC
Please see below the S&P 500 10 minute chart.
Support - 3620, 3580 Resistance – 3720.
Please see below the S&P 500 Daily chart.
Support - 3620, 3580 Resistance – 3720.
Please see below the June Planetary Index chart with S&P 500 10 minute bars for results.
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