|

Trend P.I. Results & Update: There aren’t any major change in trend points for S&P500

Recap 10/14 - The S&P opened with a 20 handle gap up and then traded another 22 handles higher into a 9:39 AM high of the day. From that high the S&P declined 98 handles into a 10:44 AM low. From that low, the S&P rallied 31 handles into an 11:04 AM high. From that high, the S&P declined 65 handles into a 3:59 PM low of the day. From that low the S&P bounced 4 handles into the close.

10/14 – The major indices, following a good gap up opening, reversed and merciless declined for most of the day to finish with a huge down closes per the following: DJIA - 403.89, S&P 500 - 86.89 and the Nasdaq Comp. – 327.76.

Looking ahead – There aren’t any major change in trend points until 10/19. The next point of important degree is 10/18. Please see below.

The Now Index is in the NEUTRAL ZONE. 

Coming Events:

(Stocks potentially respond to all events).

  • A. 10/19 AC – Mars 0 North Latitude. Major change in trend Corn, Gold, OJ. 
  • 10/21 AC – Saturn in Aquarius turns Direct. Major change in trend Coffee, Copper.
  • 10/24 AC – New Moon – Solar Eclipse in Scorpio. Major change in trend Financials, Grains, Precious Metals,

Cocoa, Hogs, T-Bonds. 

  • 10/27 AC – Jupiter Retro Leaves Aries and enters Pisces. Change in trend Coffee, Corn, C.I., Gold, Oats,

OJ, Oil, Sugar, Wheat. 

  • 10/28 AC – Uranus 45 US Venus. Moderate change in trend US Stocks, T-Bonds, US Dollar. 
  • 10/28 AC – Mars in Gemini turns Retrograde. Major change in trend Stocks. 

Market Math –

10/18 = 287 (Music) days > 1/04/2022 MAJOR HIGH

10/20 = 289 (13^) days > 1/04/2022 MAJOR HIGH

Fibonacci – 10/18, 10/21, 10/24

Astro – 10/20, 10/24, 10/28 AC

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

Support - 3490 Resistance – 3730

Please see below the S&P 500 Daily chart

Support - 3490 Resistance – 3730

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

Author

Norm Winski

Norm Winski

Independent Analyst

www.astro-trend.com

More from Norm Winski
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

EUR/USD clings to small gains near 1.1750

Following a short-lasting correction in the early European session, EUR/USD regains its traction and clings to moderate gains at around 1.1750 on Monday. Nevertheless, the pair's volatility remains low, with investors awaiting this weeks key data releases from the US and the ECB policy announcements.

GBP/USD edges higher toward 1.3400 ahead of US data and BoE

GBP/USD reverses its direction and advances toward 1.3400 following a drop to the 1.3350 area earlier in the day. The US Dollar struggles to gather recovery momentum as markets await Tuesday's Nonfarm Payrolls data, while the Pound Sterling holds steady ahead of the BoE policy announcements later in the week.

Gold pulls away from session high, holds above $4,300

Gold loses its bullish momentum and retreats below $4,330 after testing $4,350 on Monday. XAU/USD, however, stays in positive territory as the US Dollar remains on the back foot on growing expectations for a dovish Fed policy outlook next year.

Solana consolidates as spot ETF inflows near $1 billion signal institutional dip-buying

Solana price hovers above $131 at the time of writing on Monday, nearing the upper boundary of a falling wedge pattern, awaiting a decisive breakout. On the institutional side, demand for spot Solana Exchange-Traded Funds remained firm, pushing total assets under management to nearly $1 billion since launch. 

Big week ends with big doubts

The S&P 500 continued to push higher yesterday as the US 2-year yield wavered around the 3.50% mark following a Federal Reserve (Fed) rate cut earlier this week that was ultimately perceived as not that hawkish after all. The cut is especially boosting the non-tech pockets of the market.

Solana Price Forecast: SOL consolidates as spot ETF inflows near $1 billion signal institutional dip-buying

Solana (SOL) price hovers above $131 at the time of writing on Monday, nearing the upper boundary of a falling wedge pattern, awaiting a decisive breakout.