Recap 5/23 – Monday, the S&P gapped open up 18 handles and then rallied another 29 handles into a 9:53 AM high. From that high, the S&P declined 39 handles into a 10:03 AM low of the day. From that low, the S&P rallied 72 handles into a 12:08 PM high. From that high, the S&P declined 35 handles into a 1:21 PM low. From that low, the S&P rallied 36 handles into a 2:46 PM high of the day. From that high the S&P declined 26 handles into a 3:49 PM low. From that low, the S&P rallied 18 handles into the close.

Chart

5/23 – The major indices, had a strong open and then steadily trended higher all day to finish with the following closes: DJIA + 618.34 (Fibonacci); S&P 500 + 72.39; and the Nasdaq Composite + 180.66.

Looking ahead – We were looking for a Monday high. We didn’t see any positive results for this until after Monday’s close. At this writing, the S&P E-Mini futures are down more than 50 handles. 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 has now returned to the NEUTRAL ZONE.

Coming events

(Stocks potentially respond to all events).

3. A. 5/23 AM – Jupiter 90 US Venus. Major change in trend US Stocks, T-Bonds, US Dollar.

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 – 5/23, *5/27*.

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

Support - 3820, 3790 Resistance –3980.

Chart

Please see below the S&P 500 Daily chart.

Support - 3820, 3790 Resistance – 3980.

Chart

Please see below the May Planetary Index chart 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 Join Telegram

Recommended Content


Recommended Content

Editors’ Picks

AUD/USD struggling to retain the 0.6900 mark

AUD/USD struggling to retain the 0.6900 mark

Wall Street plunged on Tuesday, dragging AUD/USD lower as the greenback benefited from the risk-averse sentiment. Softening gold prices weighed further on the aussie, now approaching its June lows. Australian Retail Sales in the docket.

AUD/USD News

EUR/USD nears 1.0500 amid inflation and recession concerns

EUR/USD nears 1.0500 amid inflation and recession concerns

The EUR/USD pair bounced modestly from a Tuesday’s low of 1.0502, maintaining a near-term bearish bias amid concerns related to economic growth and central banks’ actions to tame inflation. US core PCE inflation and German CPI coming up next.

EUR/USD News

Gold: Can the dollar finally win the battle?

Gold: Can the dollar finally win the battle?

XAUUSD is technically bearish and could soon lose the $1,800 level. Gold retains the sour tone on Tuesday, now trading at around $1,823.00 a troy ounce. The dollar seesawed between gains and losses, turning higher after the release of discouraging US data.

Gold News

Summertime bull-run a multi-year bear market?

Summertime bull-run a multi-year bear market?

The cryptocurrency market is in a historical pivotal moment. One good trade could replenish all losses, while one bad trade could be catastrophic.

Read more

FXStreet Premium users exceed expectations

FXStreet Premium users exceed expectations

Tap into our 20 years Forex trading experience and get ahead of the markets. Maximize our actionable content, be part of our community, and chat with our experts. Join FXStreet Premium today!

BECOME PREMIUM

Majors

Cryptocurrencies

Signatures