The major indices have a huge down day to finish – What's next for Nasdaq?

Recap 8/22 - The S&P opened with a 33 handle gap down and then trended steadily another 65 handles lower into a 3:45 PM low of the day. From that low, the S&P bounced 8 handles into the close.

8/22 – The major indices had a huge down day to finish with the following closes: DJIA - 643.13; S&P 500 - 90.14;  and the Nasdaq Comp. – 323.64.              

Looking Ahead –  We have been in a relatively quiet period.  The next major change in trend window is 8/23 PM – 8/23 AC. We are always looking for market extremes. The ideals scenario is if the S&P were to continue lower into Tuesday afternoon. Please see details below.

The Now Index is in the NEUTRAL ZONE.   

Coming events  

(Stocks potentially respond to all events).

3. A. 8/23 PM – Saturn Parallel Latitude Neptune.  Major change in trend Coffee, Copper, COMMODITY INDEX, OIL.

    B. 8/23 PM – Jupiter 120 US North Node.  Major change in trend US Stocks, T-Bonds, US Dollar. 

    C. 8/23 AC – Mercury Aphelion.  Major change in trend Corn, Gold, Oats, OJ, Soybeans, Wheat.                  

    D. 8/23 AC – Uranus in Taurus turns Retrograde.  Major change in trend Cattle, Copper, Cotton.

Stock market key dates

Market math

8/23 = 17,424 (132^2) days > 12/09/1974 major low.

8/28 = 8,192 music days > 3/24/2000 major high.

Fibonacci –  8/22.

Astro – 8/24, 8/26 AC.

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

Support  - 4080  Resistance –  4160.

Please see below the S&P 500 Daily chart                                             

Support  - 4080  Resistance –  4160.

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