The major indices have a whipsaw day finishing with moderate losses – What's next for S&P 500?

Recap 5/19 – Thursday, the S&P gapped open down 25 handles and then traded 8 handles lower into a first minute low. From that low, the S&P rallied 31 handles into a 9:37 AM high.  From that high, the S&P declined 45 handles into a 9:50 AM low of the day.  From that low, the S&P rallied 47 handles into a 10;21 AM high.  From that high, the S&P declined 29 handles into a 10:51 AM low.  From that low, the S&P rallied 53 handles into a 11:44 AM high.  From that high, the S&P zig zagged 38 handles lower into a 1:15 PM low.  From that low, the S&P zig zagged 56 handles higher into a 3:04 PM high of the day. From that high the S&P declined about 48 handles into the close.      

5/19 –  The major indices, had a whipsaw day finishing with moderate losses per the following closes: DJIA - 236.94; S&P 500 - 22.89; and the Nasdaq Composite - 29.66.

Looking ahead  - Based on our 5/19 Market Math date, we were looking for a low.  At this writing,  about 5:30 AM EDT, the S&P E-mini futures are up about 49 handles.  Our next change in trend point is 5/23 AM. Please see details below.

The Now Index is in the BUY ALERT ZONE. This is a cautionary signal that there is a moderate imbalance of too many shorts. This is not an outright buy signal. 

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  - 3880   Resistance – 4020.

Please see below the S&P 500 Daily chart.                          

Support  - 3880   Resistance – 4020.

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