The major indices have a large gap open and then trade lower into a mid-morning low of the day

 Recap 5/24 – Tuesday, the S&P gapped open down 32 handles and then declined another 68 handles into a 10:51 AM low of the day. From that low, the S&P rallied 55 handles into a 12:16 PM high. From that high, the S&P declined 37 handles into a 1:04 PM low. From that low, the S&P zig zagged 63 handles into a 3:39 PM high of the day. From that high the S&P declined about 20 handles into the close. 

5/24 –  The major indices, had a large gap open and then traded lower into a mid-morning low of the day. From that low, the DJIA managed to recover its losses and close with a small gain. The S&P and Nasdaq did not fare as well per the following closes; DJIA + 48.38; S&P 500 - 32.27; and the Nasdaq Composite - 270.83.                

Looking ahead  - We were looking for a Monday high.  We didn’t see any positive results for this until after Monday’s close, when the Emini gapped down for the evening session. The weakness continued into mid-morning on Tuesday.  From Monday’s high to Tuesday’s low, there was more than a 100 handle decline. The next change in trend point is 5/24 AC when Geo Mars changes signs by entering Aries.  Please see details below.

The Now Index is now in the NEUTRAL ZONE.

Coming events

(Stocks potentially respond to all events).                   

3.   B. 5/24 AC –  Geo Mars enters Aries.  Important change in trend Corn, Gold, OJ, Silver, Sugar, Wheat.

C. 5/27 AC – Mercury Aphelion.  Major change in trend Corn, Oats, Soybeans, Wheat.

D. 5/27 AC – Jupiter 45 US Moon.  Moderate change in trend US Stocks, T-Bonds, US Dollar.

E. 5/27 AC – Jupiter Parallel Latitude Neptune.  Major change in trend Commodity Index, Oats, Oil.

F. 5/27 AC– Helio Saturn Contra-Parallel Uranus.  Major change in trend Cattle, Coffee, Copper, Cotton.

D. 5/27 AC – New Moon in Gemini.  Major change in trend Financials, Grains, Precious Metals.

Stock market key dates

5/28 (Sat.) = 8,100 (90^2) days > 3/24/2000 MAJOR TOP.

Fibonacci – 5/28.

Astro –   *5/27*.

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

Support  - 3810, 3790   Resistance – 3960, 4020.

Please see below the S&P 500 Daily chart.                                            

Support  - 3810, 3790   Resistance – 3960, 4020.

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