1/18 Recap - The S&P opened with a 31 handle gap down and then traded another 44 handles lower into a 9:57 AM low. From that low, the S&P rallied 29 handles into a 10:12 AM high. From that high, the S&P zig-zagged 41 handles lower into a 1:07 AM low. From that low, the S&P rallied 34 handles into a 2:54 PM high. From that high, the S&P declined 35 handles into a 3:55 PM low of the day. From that low, the S&P rallied 9 handles into the close.

SPX

1/18 – The major indices had a large down day per the following closes: INDU - 571.57; S&P 500 - 86.33; and the NASDAQ Composite - 335.83.

Looking ahead - We had a big down day on Tuesday as forecasted and in line with a change in trend from Friday’s rally. Now, the market must make a low by the first half of Wednesday or it may be going much lower. This is the moment of truth. Longer-term, the fact that the S&P closed near it’s low of the day, rather than reversing early in the day, maybe an indicating that the market has lost some of its resiliency. Whichever trend is established on Wednesday is likely to continue into the end of this week.

The NOW Index is in the NEUTRAL ZONE.

Coming events

(Stocks potentially respond to all events).

2. D. 01/14 AC – Saturn Contra-Parallel US Mercury. Important change in trend US Stocks, T-Bonds, US Dollar.

E. 01/14 AC – Mercury Perihelion. Major change in trend CORN, Gold, Oats, OJ, Soybeans, Wheat.

F. 01/14 AC – Full Moon in Cancer. Major change in trend Financials, Grains, Precious Metals and especially Silver.

G. 01/14 AC – Uranus in Taurus turns Direct. Major change in trend Cattle, Copper, Cotton.

3. A. 01/21 AC – Geo Mars enters Capricorn. Important change in trend Coffee.

B. 01/21 AC – Venus Perihelion. Major change in trend Cattle, Corn, Copper, Cotton, Gold, OJ, Sugar, and Wheat.

C. 01/25 AC – Jupiter 120 US Jupiter. Important change in trend US Stocks, T-Bonds, US Dollar.

D. 01/25 AC – Saturn 120 US Saturn. Important change in trend US Stocks, T-Bonds, US Dollar.

E. 01/28 AC – Venus in Capricorn goes Direct. Major change in trend Cattle, Coffee, Copper, Cotton, Sugar, & Wheat.

F. 01/28 AC – Jupiter 90 US Ascendant. Important change in trend US Stocks, T-Bonds, US Dollar.

Stock market key dates

Market Math 

DJIA* – 1/18, 1/20, 1/24, 1/25-26, 1/28 AC.

S&P 500* - 1/18, 1/19, 1/28 AC.

Fibonacci – 1/21, 1/25.

Astro – 1/18, 1/24, 1/25-26, 1/28 AC.

Please see below the S&P 500 10 minute chart.

Support - 4530 Resistance – 4610.

SPX

Please see below the S&P 500 Daily chart.

Support - 4530 Resistance – 4610.

SPX

Please see below the January Planetary Index charts with S&P 500 10 minute bars for results.

Chart

Chart

Chart

Chart

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Recommended Content


Recommended Content

Editors’ Picks

EUR/USD regains traction, recovers above 1.0700

EUR/USD regains traction, recovers above 1.0700

EUR/USD regained its traction and turned positive on the day above 1.0700 in the American session. The US Dollar struggles to preserve its strength after the data from the US showed that the economy grew at a softer pace than expected in Q1.

EUR/USD News

GBP/USD returns to 1.2500 area in volatile session

GBP/USD returns to 1.2500 area in volatile session

GBP/USD reversed its direction and recovered to 1.2500 after falling to the 1.2450 area earlier in the day. Although markets remain risk-averse, the US Dollar struggles to find demand following the disappointing GDP data.

GBP/USD News

Gold climbs above $2,340 following earlier drop

Gold climbs above $2,340 following earlier drop

Gold fell below $2,320 in the early American session as US yields shot higher after the data showed a significant increase in the US GDP price deflator in Q1. With safe-haven flows dominating the markets, however, XAU/USD reversed its direction and rose above $2,340.

Gold News

XRP extends its decline, crypto experts comment on Ripple stablecoin and benefits for XRP Ledger

XRP extends its decline, crypto experts comment on Ripple stablecoin and benefits for XRP Ledger

Ripple extends decline to $0.52 on Thursday, wipes out weekly gains. Crypto expert asks Ripple CTO how the stablecoin will benefit the XRP Ledger and native token XRP. 

Read more

After the US close, it’s the Tokyo CPI

After the US close, it’s the Tokyo CPI

After the US close, it’s the Tokyo CPI, a reliable indicator of the national number and then the BoJ policy announcement. Tokyo CPI ex food and energy in Japan was a rise to 2.90% in March from 2.50%.

Read more

Majors

Cryptocurrencies

Signatures