|

Important change in US stocks, T-bonds and US dollar trends: What's next?

1/19 Recap - The S&P opened with a 11 handle gap up and then traded another 22 handles higher into a 9:58 AM high of the day. From that high, the S&P declined  48 handles into an 11:25 AM low. From that low, the S&P rallied 35 handles into a 12:30 PM high. From that high, the S&P declined 39 handles into a 2:33 PM low.  From that low, the S&P zig zagged 18 handles higher into a 3:14 PM high. From that high, the S&P declined 46 handles into the close.

Chart

1/19 –  The major indices, following a strong up opening, had a strong down day per the following closes: INDU - 339.82; S&P 500 - 44.35; and the NASDAQ Composite - 166.64.     

Looking ahead  - Wednesday was another strong down day.  The S&P exceeded both our time and price parameters.  I recommend standing aside now. The next change in trend window is due over the coming weekend. 

The NOW Index is in the NEUTRAL ZONE.      

Coming events

(Stocks potentially respond to all events).       

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* –  1/20, 1/24, 1/25-26, 1/28 AC.

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

Fibonacci – 1/21, 1/25.

Astro – 1/24, 1/25-26, 1/28 AC.

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

Support  - 4530   Resistance – 4580.

CHart

Please see below the S&P 500 Daily chart.                                           

Support  - 4530. 4500   Resistance – 4580.

Chart

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

Chart
Chart
Chart
Chart

Author

Norm Winski

Norm Winski

Independent Analyst

www.astro-trend.com

More from Norm Winski
Share:

Editor's Picks

EUR/USD: US Dollar to remain pressured until uncertainty fog dissipates

Unimpressive European Central Bank left monetary policy unchanged for the fifth consecutive meeting. The United States first-tier employment and inflation data is scheduled for the second week of February. EUR/USD battles to remain afloat above 1.1800, sellers moving to the sidelines.

GBP/USD softens to near 1.3600 as BoE hints further rate cuts

The GBP/USD pair loses ground to near 1.3610 during the early Asian session on Monday. The Pound Sterling softens against the Greenback amid growing expectations of the Bank of England’s interest-rate cut. Traders will take more cues from the Fedspeak later on Monday.

Gold eyes acceptance above $5,000, kicking off a big week

Gold is consolidating the latest uptick at around the $5,000 mark, with buyers gathering pace for a sustained uptrend as a critical week kicks off. All eyes remain on the delayed Nonfarm Payrolls and Consumer Price Index data from the United States due on Wednesday and Friday, respectively.

Top Crypto Gainers: Aster, Decred, and Kaspa rise as selling pressure wanes

Altcoins such as Aster, Decred, and Kaspa are leading the broader cryptocurrency market recovery over the last 24 hours, as Bitcoin holds above $70,000 on Monday, up from the $60,000 dip on Thursday.

Weekly column: Saturn-Neptune and the end of the Dollar’s 15-year bull cycle

Tariffs are not only inflationary for a nation but also risk undermining the trust and credibility that go hand in hand with the responsibility of being the leading nation in the free world and controlling the world’s reserve currency.

Bitcoin, Ethereum and Ripple consolidate after massive sell-off

Bitcoin, Ethereum, and Ripple prices consolidated on Monday after correcting by nearly 9%, 8%, and 10% in the previous week, respectively. BTC is hovering around $70,000, while ETH and XRP are facing rejection at key levels. Traders should be cautious: despite recent stabilization, upside recovery for these top three cryptocurrencies is capped as the broader trend remains bearish.