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.
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.
(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.
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.
Please see below the S&P 500 Daily chart.
Support - 3820, 3790 Resistance – 3980.
Please see below the May Planetary Index chart with S&P 500 10 minute bars for results.