10/12 Recap: - The S&P opened with a 7 handle gap up and then continued 7 handle higher into a 9:34 AM high of the day.  From that high, the S&P quickly dropped 25 handles into a 9:42 AM low.  The S&P quickly rebounded 18 handles into a 9;52 AM high. From that high, the S&P declined 15 handles into a 10:17 AM low.  From that low, the S&P traded in an 11 handle range with an upward bias, culminating with a pullback low at 11:45 AM.  From that low, the S&P rallied 17 handles into a 12;09 PM high.  From that high, the S&P declined 22 handles into a 1:25 PM low.  From that low, the S&P rallied 17 handles into a  2:19 PM high.  From that high, the S&P declined 27 handles into a 3:47 PM low of the day.  From that low, the S&P bounced 9 handles into the close.

Chart

10//12 - The major indices had a small down day with the following closes: The DJIA – 117.72; S&P 500 – 10.54; and the Nasdaq Composite – 20.28. 

Looking ahead  – Looking ahead, we don’t have any major change in trend points until 10/14. That means there is a good chance for the S&P to trend lower for the next 1 - 2  days. 

The NOW Index is in the NEUTRAL ZONE. 

Coming events

(Stocks potentially respond to all events).

2. C. 10/14 AC – Mercury 0 North Latitude. Major change in trend Corn, Oats, Soybeans, Wheat. 

    D. 10/15 AC -  Neptune 90 US Mars.  Major change in trend US Stocks, T-Bonds, US Dollar.

    E.  10/15 AC – Jupiter in Aquarius turns Direct.  Major change in trend Copper and Oats.  

Stock market key dates

Fibonacci – 10/15, 10/18, 10/29.

Astro –10/14, 10/15, 10/20, 10/25, 10/29 AC.

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

Support  - 4320   Resistance – 4360, 4400.

Chart

Please see below the S&P 500 Daily chart.

Support  - 4320, 4260    Resistance – 4400.

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Please see below the Planetary Index charts with S&P 500 5 minute bars for results.  

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