10/19 Recap: - The S&P opened with an 11 handle gap up. Following 15 minutes of narrow whipsaw action which culminated with a 9:45 AM low of the day. From that low, the S&P rallied fairly steadily 21 handles into a 1:00 PM high. From that high, the S&P traded into a very narrow 3 handle range, culminating with a high at 2:13 PM. From that high, the S&P declined 9 handles into a 2:34 PM low. From that low, the S&P rallied 10 handles into a 3:19 PM high of the day. From that high, the S&P pulled back 7 handles into a 3:32 PM low. From that low, the S&P rallied 6 handles into the close.

SPX

10//19 – The major indices had a strong up day with the following closes: The DJIA + 198.70; S&P 500 + 33.17; and the Nasdaq Composite + 107.28.

Looking ahead – Wednesday’s 10:50 AM Full Moon brings us to the end of the current series of changes in trend points. Given the S&P has rallied for 5 consecutive days, it is fair to say the market is overbought. The fact that the market has rallied into a combination of Mercury Perihelion and a Full Moon, presents a good probability for a short-term high.

The NOW Index is in the NEUTRAL ZONE.

Coming events

(Stocks potentially respond to all events).

3. B. 10/19 AM – Helio Saturn 90 Uranus. A major change in trend Coffee and COPPER.

C. 10/19 AC – Mercury Perihelion. A major change in trend CORN, Gold, Oats, OJ, Soybeans, Wheat.

D. 10/20 AM - Full Moon in Aries. Major Change in Trend Financials, Grains, Precious Metals, and especially Sugar and Wheat.

4. A. 10/22 AC – Mercury Greatest Elongation West. A major change in trend Corn, Oats, Soybeans, Wheat.

B. 10/22 AC – Jupiter 150 US Neptune. A moderate change in trend US Stocks, T-Bonds, US Dollar, & Oil.

C. 10/22 AC – Uranus 90 US MC. A major change in trend US Stocks, T-Bonds, US Dollar.

Stock market key dates

Fibonacci – 10/29.

Astro – 10/20, 10/25, 10/29 AC.

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

Support - 4510, 4490, Resistance – 4520, 4545.

SPX

Please see below the S&P 500 Daily chart.

Support - 4510, 4490, Resistance – 4520, 4545.

SPX

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

Chart

Chart

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 drops towards 1.1300 as Omicron, inflation concerns weigh

EUR/USD is trading below 1.1350, consolidating the biggest daily jump in a fortnight. The US dollar rebound amid a cautious mood. Omicron, US-China woes keep investors on the edge, Rising US inflation expectations underpin the yields. US jobless claims, Omicron updates closely eyed.

EUR/USD News

GBP/USD trades with modest gains above 1.3200 mark, lacks follow-through

GBP/USD is trading flat above 1.3200, struggling to capitalize on the overnight goodish rebound from a one-year low. Fresh COVID-19 jitters pushed back BoE rate hike expectations and undermined the pound. Resurgent USD demand further stalled aggressive bullish bets.

GBP/USD News

Gold: Doji below 200-DMA teases bears, Omicron updates eyed

Gold portrays trader’s indecision below the key moving average following Wednesday’s bearish candlestick. Market sentiment dwindles as virus-linked news battles geopolitical fears. Friday’s US CPI becomes crucial as inflation expectations improve.

Gold News

Why MATIC price could soon see a meteoric rise toward the round level of $4

MATIC price appears to be ready for a major upswing toward $3.84. The governing technical pattern suggests that the layer-2 token is preparing for a 62% climb.

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