11/22 Recap: - The S&P opened with a 14 handle gap up and then traded another 32 handles higher into a 10:16 AM high of the day and new all-time high. From that high, the S&P declined 43 handles into an 11:58 AM low. From that low, the S&P rallied 31 handles into a 3:12 PM high. From that high, the S&P declined 49 handles, closing near the low of the day.

SPX

1/22 – The DJIA closed slightly higher while the three major indices closed with moderate to large down closes, following a large morning rally per the following closes: The DJIA + 17.27; S&P 500 - 15.02; and the Nasdaq Composite – 202.68. Please note that from their intra-day highs, all three indices had substantial declines into the close. The S&P 500 made a new all-time high at 4743.83 and the Nasdaq Composite made a new all-time high at 16,212.23.

Looking ahead – With Mercury hitting 0 South Latitude at 9:35 AM, Monday was a classic reversal top, coming at 10:16 AM, leading to a decline of more than 60 handles. The most likely path is a further decline or consolidation into our next major change in trend window at the end of this week.

The NOW Index is in the NEUTRAL ZONE.

Coming events

(Stocks potentially respond to all events).

3. B. 11/19 PM – Uranus 120 US Part of Fortune. Major change in trend US Stocks, T-Bonds, US Dollar.

C. 11/19 AC – Mercury 0 South Latitude. Major change in trend Corn, Oats, Soybeans, Wheat.

4. A. 11/23 AC – Jupiter 150 US Neptune. A moderate change in trend US Stocks, T-Bonds, US Dollar, & Oil.

B. 11/26 AC – Jupiter Parallel Latitude US Moon. Major change in trend US Stocks, T-Bonds, US Dollar.

C. 11/29 AC – Saturn 120 US Uranus. Major change in trend US Stocks, T-Bonds, US Dollar.

Stock market key dates

Market Math 

11/29 – 5,161 Music Days from the major 10/11/2007 high.

Fibonacci – 11/19-22, 11/26.

Astro – 11/19, 11/22, 11/26

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

Support - 4680, 4660 Resistance – 4745.

Chart

Please see below the S&P 500 Daily chart.

Support - 4680, 4660 Resistance – 4745.

Chart

Please see below the Planetary Index charts with S&P 500 10 minute bars for results. As of November 22, I am dropping the charts from pages 25 and 27.

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

Latest Forex Analysis


Latest Forex Analysis

Editors’ Picks

EUR/USD slides sub-1.1300 as the dollar accelerates advance

EUR/USD finally broke below 1.1300, helped by encouraging US employment-related figures ahead of the November jobs report. ECB officials still holding back on tapering.

EUR/USD News

GBP/USD clings to modest recovery gains above 1.3300

GBP/USD is edging higher toward 1.3330 in the second half of the day on Thursday as the greenback stays under modest selling pressure. The US Department of Labor reported that there were 222,000 initial claims for unemployment benefits last week.

GBP/USD News

Gold: Pressure persists November low at risk of giving up

Gold fell to a 1-month low of $1,763.33 a troy ounce, bouncing just modestly from it and currently trading around 1,767.00. The bright metal weakened the most during US trading hours, as the American dollar met some market’s favour. 

Gold News

ETH outperforming its peers, BTC struggles and XRP bearish

BTC refrains from making new highs as Tuesday’s gap-fill kills uptrend continuation. ETH outpaces its peers by barely hitting new highs. XRP price again looking for direction as investors interest wanes.

Read more

Cyber Monday 2021 Discounts!

Glued to your trading screen on Cyber Monday? Upgrade your skills by signing up for FXStreet’s Premium service, offered at a discount of up to 50%. Fellow traders have already taken advantage of Black Friday profits. What about you? 

Subscribe now!

Majors

Cryptocurrencies

Signatures