Trend P.I. Results & Update: The next major change in trend for S&P 500 is due
|Recap Week of August 01 - 05 - The S&P opened Monday with a 34 handle drop into a 9:34 AM low of the day. From that low, the S&P rallied 49 handles into a 10:54 AM high of the day. From that high, the S&P declined 65 handles into a Tuesday, 10:10 AM low of the day and which would be the low of the week. From that low, the S&P rallied 59 handles into a 12:48 PM high of the day. From that high, the S&P declined 48 handles into the close. Wednesday, the S&P opened with a 16 handle gap up and then rallied another 50 handles into a 3:44 PM high of the day and the high of the week. . From that high, the S&P declined 30 handles into a Thursday, 10:40 AM low of the day. From that low, the S&P zig zagged 26 handles higher into a 3:16 PM high of the day. From that high, the S&P declined 54 handles into a Friday gap down opening low of the day. From that low, the S&P zig zagged 38 handles higher into Friday’s close. Overall, it was a whippy choppy trading range type week.
8/05 – The major indices had a mixed day finish with the following closes: DJIA + 76.65; S&P 500 – 6.75; & the Nasdaq Comp. + 63.03.
Looking Ahead – Friday the S&P closed about mid-range, which, so far, is not a good set up. The next major change in trend is due 8/10 AC.
Please see details below.
The Now Index is in the NEUTRAL ZONE.
Coming events
(Stocks potentially respond to all events).
1. A. 8/01 AC – Pluto Contra-Parallel US Sun. Major change in trend US Stocks, T-Bonds, US Dollar.
B. 8/01 AC – Venus 0 North Latitude. Major change in trend Cattle, Copper, Cotton, Sugar, Wheat.
C. 8/03 AC – Moon’s North Node 90 US Moon. Major change in trend US Stocks, T-Bonds, US Dollar.
D. 8/05 AC – Saturn 150 US Neptune. Moderate change in trend US Stocks, T-Bonds, US Dollar.
2. A. 8/10 AC – Pluto Parallel US Part of Fortune. Major change in trend US Stocks, T-Bonds, US Dollar.
B. 8/11 AC – Full Moon in Aquarius. Major change in trend Financials, Grains, Precious Metals, Copper.
C. 8/11 AC – Mercury 0 South Latitude. Major change in trend Corn, Oats, Soybeans, Wheat.
D. 8/12 AC – Moon’s North Node Parallel Uranus. Major change in trend CATTLE, COTTON, Copper, Silver.
E. 8/18 AC – Helio Jupiter enters Aries. Major change in trend Coffee, Corn, Gold, Oats, OJ, Silver, Sugar, Wheat.
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.
Stock market key dates
Market math
8/05 = 4,900 (70^2) days > 3/06/2009 MAJOR LOW.
8/10 = 12,769 (113^2) days > 8/25/1987 MAJOR HIGH.
8/17 = 20,643 music days > 2/09/1966 MAJOR HIGH.
8/23 = 17,424 (132^2) days > 12/09/1974 MAJOR LOW.
8/28 = 8,192 music days > 3/24/2000 MAJOR HIGH.
Fibonacci – 8/5, 8/9. 8/17, 8/22.
Astro – 8/1, 8/2, 8/8, 8/11, 8/12, 8/15, 8/19, 8/24, 8/26 AC.
Please see below the S&P 500 10 minute chart.
Support - 4080 Resistance – 4180, 4228.
Please see below the S&P 500 Daily chart.
Support - 4080 Resistance – 4180, 4228.
Please see below the July Planetary Index chart with S&P 500 5 minute bars for results.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.