|

Major change in trend commodity index, oats, oil, soybeans

12/28 Recap: - The S&P opened with a 4 handle gap up and then rallied another 12 handles into an 9:59 AM high of the day and a new all-time high. From that high, the S&P declined 16 handles into a 10:19 AM low.  From that low, the S&P traded in a 10 handle whipsaw sideways trading range, culminating with a high at 11:57 AM.  From that high, the S&P declined 20 handles into a 12:35 PM low of the day. From that low, the S&P zig zagged 14 handles higher into a 3:48 PM high. From that high, the S&P declined about 9 handles into the close.   

Chart

12/28 – The major indices had a mixed to small down day closes: The DJIA + 95..83; S&P 500 - 4.84; and the Nasdaq Composite - 89.54. The S&P 500 Index made a new all-time high at 4807.02.  

Looking ahead  - Wednesday, we were looking for a one day pullback and we got that in the S&P.  

Now, we have another change in trend window, 12/28 AC.  Please see details below.

The NOW Index is in the NEUTRAL ZONE.      

Coming events 

(Stocks potentially respond to all events). 

4. 12/28 AC - Geo Jupiter enters Pisces.  Major change in trend COMMODITY INDEX, Oats, OIL, Soybeans.

G. 12/31 AC – New Moon in Capricorn at Perigee.  Major change in trend  Financials, Grains, Precious Metals and especially Coffee. 

Stock market key dates

Market math

12/28 – 12,554 (112^2) from the 8/25/1987 major high. 

DJIA – 12/29, 12/31 AC.

Fibonacci – 12/28, 12/30.

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

Support  - 4780  Resistance – 4834.

Chart

Please see below the S&P 500 Daily chart                                             

Support  - 4780  Resistance – 4834.

Chart

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

As of December 27, I am dropping Planetary Index models marked Pages 28 and 30. 

Chart
Chart

Author

Norm Winski

Norm Winski

Independent Analyst

www.astro-trend.com

More from Norm Winski
Share:

Editor's Picks

EUR/USD turns negative near 1.1850

EUR/USD has given up its earlier intraday gains on Thursday and is now struggling to hold above the 1.1850 area. The US Dollar is finding renewed support from a pick-up in risk aversion, while fresh market chatter suggesting Russia could be considering a return to the US Dollar system is also lending the Greenback an extra boost.

GBP/USD change course, nears 1.3600

GBP/USD gives away its daily gains and recedes toward the low-1.3600s on Thursday. Indeed, Cable now struggles to regain some upside traction on the back of the sudden bout of buying interest in the Greenback. In the meantime, investors continue to assess a string of underwhelming UK data releases released earlier in the day.

Gold plunges on sudden US Dollar demand

Gold drops markedly on Thursday, challenging the $4,900 mark per troy ounce following a firm bounce in the US Dollar and amid a steep sell-off on Wall Street, with losses led by the tech and housing sectors.

LayerZero Price Forecast: ZRO steadies as markets digest Zero blockchain announcement

LayerZero (ZRO) trades above $2.00 at press time on Thursday, holding steady after a 17% rebound the previous day, which aligned with the public announcement of the Zero blockchain and Cathie Wood joining the advisory board. 

A tale of two labour markets: Headline strength masks underlying weakness

Undoubtedly, yesterday’s delayed US January jobs report delivered a strong headline – one that surpassed most estimates. However, optimism quickly faded amid sobering benchmark revisions.

Aster Price Forecast: Demand sparks on Binance Wallet partnership for on-chain perpetuals

Aster is up roughly 9% so far on Thursday, hinting at the breakout of a crucial resistance level. Aster partners up with Binance wallet for the second season of the on-chain perpetuals challenge.