The major indices, following a large opening rally, which quickly faded, finished slightly lower

Recap 9/27  - The S&P opened with a 20 handle gap up and then traded another 41 handles higher into an 9:41 AM high of the day.  From that high, the S&P declined 94 handles into a 1:56 PM low of the day.  From that low, the S&P rallied 33 handles into a 3:56 PM high.From that high, the S&P declined 5 handles into the close. 

9/27 – The major indices, following a large opening rally, which quickly faded, finished slightly lower to mixed with the following closes: DJIA – 125.82; S&P 500 – 7.75; and the Nasdaq Comp. +  26.58. 

Review & Looking ahead – Good news, bad news,  Tuesday, the S&P etched a 61 handle rally in the first 11 minutes and that was it. Normally, a 61 handle rally would be considered a good up day.  We have now had two change in trend windows where the market had a weak day leading into the window and then had a strong opening the next day.  From a psychological point of view, this is an indication that the sheep are aggressively looking for a reversal, which usually leads to a failed pattern. 

Looking ahead – We are now at the end of our 9/27 AC change in trend window.  Overnight, the S&P futures are testing Tuesday’s low. We would like to see a lower opening and then a reversal to the upside in the first hour.  If the market is making new lows after the first hour, stand aside. Our next change in trend window is 9/28 AC.  BTW, Tuesday was the sixth consecutive down day for the S&P 500.  The market seldom goes more than six consecutive days in one direction. 

 Please see details below.  

The Now Index has moved back to the BUY ALERT ZONE.  This is a cautionary indication that there is a moderate imbalance of too many short.

This is not an outright buy signal. 

Coming events

(Stocks potentially respond to all events).                  

    B. 9/28 AC – Jupiter 45 Uranus.  Moderate change in trend Cattle, Copper, Cotton, Oats.

    C. 9/29 AC – Moon’s North Node Contra-Parallel US Saturn.  Major change in trend US Stocks, T-Bonds, US Dollar. 

    D. 9/30 AC – Jupiter 45 US Moon.  Moderate change in trend US Stocks, T-Bonds, US Dollar. 

    E. 9/30 AC – Mercury in Virgo turns Direct.  Major change in trend Corn, Oats, SOYBEANS, Wheat.                 

    F. 9/30 AC – Mercury 0 North Latitude.  Major change in trend Corn, Oats, Soybeans, Wheat.                 

    G. 10/03AC – Saturn Parallel US Moon. Major change in trend US Stocks, T-Bonds, US Dollar. 

Market math

9/30 =  5,468 (Music) days > 10/11/2007 MAJOR HIGH.

Fibonacci – 9/27.

*DJIA – 9/27.

Astro –  9/27, *9/30 AC.

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

Support  - 3620, 3590, 3540   Resistance – 3720, 3750.

Please see below the S&P 500 Daily chart. 

Support  - 3640   Resistance – 3720.

Please see below the September Planetary Index charts with S&P 500 10 minute bars for results. As of September 26, I am dropping the Planetary Index models marked Pages 27 and 28.