9/23 Recap: - The S&P opened with an 11 handle gap up and then it was off to the races, rallying another 59 handles, non-stop, into a 2:00 PM high of the day. From that high, the S&P gradually declined 16 handles into the close.

SPX

9//23 - The major indices had a very strong up day with the following closes: The DJIA + 506.50, the S&P 500 Index + 53.34, and the Nasdaq Composite + 153.40.

Looking ahead – Thursday was a very strong up day. However, there was some weakness into the close and this weakness followed thru into the overnight futures. We have Mercury Retrograde over the coming weekend, so we are on alert for a possible change in trend. The best scenario is if the market were to rally into the weekend for a possible high on Monday. If the market declines into the weekend, we will expect a low on Monday. However, this would represent only a 1 – 2 day pullback and that is not a high probability set up.

The NOW Index has moved back to the NEUTRAL ZONE.

Coming events

(Stocks potentially respond to all events).

4. A. 9/24 AC – Mercury in Libra turns Retrograde. Major change in trend Corn, Oats, Soybeans, Sugar, Wheat.

B. 10/01 AC – Venus Aphelion. Major change in trend Cattle, Copper, Corn, Cotton, Gold, OJ, Sugar, Wheat.

Stock market key dates

Fibonacci – 9/25.

Astro – 9/27, 10/1 AC.

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

Support - 4440 Resistance – 4494.

SPX

Please see below the S&P 500 Daily chart.

Support - 4440 Resistance – 4494.

SPX

Please see below the 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.

Feed news

Latest Forex Analysis


Latest Forex Analysis

Editors’ Picks

EUR/USD drops below 1.1300 for the first time in two weeks

EUR/USD remains under bearish pressure in the American session on Monday and trades at its lowest level in two weeks slightly below 1.1300. US Markit Manufacturing and Services PMIs missed market expectations by a wide margin in early January. The S&P 500 Index is down nearly 2% after the opening bell.

EUR/USD News

GBP/USD extends daily slide toward 1.3450

GBP/USD continues to stretch lower toward mid-1.3400s on Monday as the mood continues to sour. Wall Street's main indexes are down between 1.7% and 2.1% after the disappointing PMI data from the US.

GBP/USD News

Gold declines toward $1,830 despite falling US bond yields

Gold climbed above $1,840 during the European trading hours but erased its daily gains to turn flat on the day at around $1,830. The benchmark 10-year US T-bond yield is down more than 2% on Monday as safe-haven flows continue to dominate the financial markets. 

Gold News

Crypto carnage continues to unfold

Bitcoin price has witnessed a massive crash over the past week, undoing the gains seen since July 25. Ethereum, Ripple and other altcoins have followed suit, experiencing an even worse crash. 

Read more

Nvidia extends losses after Bitcoin’s overnight flash crash

NVDA investors are getting used to seeing the colour red after a year in 2021 when all they saw was green. On Friday, shares of NVDA fell by 3.21% and closed the final trading day of the week at $223.74.

Read more

Majors

Cryptocurrencies

Signatures