12/06 Recap: - The S&P opened with a 10 handle gap up and then steadily moved up 65 handles into a 2:03 PM high of the day.  From that low, the S&P gradually decline 14 handles into the close.

SP500

12/06 – The major indices, closed with a strong up day. The 12/06 closes are as follows: The DJIA + 646.95; S&P 500 + 53.24; and the Nasdaq Composite  + 139.68. 

Looking ahead  – Looks we the S&P put in its Solar Eclipse low late Friday.  Now, the Astro picture is relative quiet for the next two weeks.  Newton's First Law of Motion states that a body at rest will remain at rest unless an outside force acts on it, and a body in motion at a constant velocity will remain in motion in a straight line unless acted upon by an outside force. With that in mind, whatever trend is established by Tuesday, and that currently is looking like an uptrend, is likely to be the trend into about 12/17, which is the next major change in trend window.  However, with Geo Mars changing signs over the 12/10 weekend, there may be a brief correction. 

The NOW Index is in the BUY ALERT ZONE.  This is a cautionary indication for the bears that there is a moderate imbalance of too many shorts.

Coming events

(Stocks potentially respond to all events).  

2. A. 12/10 AC – Geo Mars enters Sagittarius.  Important change in trend Oats. 

    B. 12/12 AC – Jupiter 45 US Part of Fortune.  Moderate change in trend US Stocks, T-Bonds, US Dollar.

    C. 12/15 AC – Jupiter 135 US Sun.  Moderate change in trend US Stocks, T-Bonds, US Dollar.

     Stock Market Key Dates –

Market math

12/26 – 676 Days (26^2) from the 2/19/2020 major high.

12/28 – 15,54 (112^2) from the 8/25/1987 major high. 

DJIA – 12/13, 12/22, 12/29, 12/31 AC.

Fibonacci – 12/10, 12/16, 12/20, 12/28, 12/30.

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

Support  - 4541  Resistance – 4613.

SP500

Please see below the S&P 500 Daily chart.                                        

Support  - 4541  Resistance – 4613.

SP500

Please see below the Planetary Index charts with S&P 500 5 minute bars for results.          
SP500SP500SP500SP500

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.

Recommended Content


Recommended Content

Editors’ Picks

AUD/USD stays firm toward 0.6750 after Aussie jobs data

AUD/USD stays firm toward 0.6750 after Aussie jobs data

AUD/USD is holding firm while eyeing 0.6750 in Asian trading on Thursday, The pair draws support from mostly upbeat Australian employment data for June, which fan RAB rate hike bets. Meanwhile, the US Dollar remains depressed amid Fed rate cut bets, capping the pair's downside. 

AUD/USD News

USD/JPY extends rebound to 156.50 after suspected BoJ intervention-led drop

USD/JPY extends rebound to 156.50 after suspected BoJ intervention-led drop

USD/JPY is back above 156.50, having witnessed a sharp drop amid thin liquidity in the early Asian hours on Thursday. The pair finds support from a modest uptick in the US Dollar alongside the US Treasury bond yields, reversing the suspected BoJ intervention-led sell-off. 

USD/JPY News

Gold price trades with modest gains, remains close to all-time peak touched on Wednesday

Gold price trades with modest gains, remains close to all-time peak touched on Wednesday

Gold price attracts some dip-buying following the overnight pullback from the record high. Bets that the Fed will begin its rate-cutting cycle in September continue to act as a tailwind. A modest USD uptick, along with the risk-on environment, might cap further intraday gains.

Gold News

Worldcoin price sets for a rally following the breakout of the descending trendline

Worldcoin price sets for a rally following the breakout of the descending trendline

Worldcoin price faces a descending trendline on Thursday; a breakout signals a bullish move. On-chain data shows that WLD's daily active addresses are increasing, signaling greater blockchain usage. 

Read more

ECB preview: Incoming data since June unlikely to shift the policy view

ECB preview: Incoming data since June unlikely to shift the policy view

Since the last ECB meeting five weeks ago in June, only a limited amount of new economic data has become available, and this data is unlikely to have significantly changed the ECB's perspective on the economy and consequently its policy stance.

Read more

Majors

Cryptocurrencies

Signatures