What do you think? will it go up or down ?
I use a very good site where one can receive an overall picture of the market: http://www.finviz.com/map.ashx
Market opened with a gap, 10150 is a fibo correction. Below this, it'll recheck the Feb 2 low.
The Dow, as we can see in the attached graph, fall below Feb. 2 bottom. Now it moves in a channel, with a possibility to correct to 10080. will it go above that??
Feb 5 is a low, since then the index made three bottoms, every one higher than the former. Feb 16, this "vegetating" position broke after "Presidents day" seeing that the East is in a rally, Germany bails out Greece, everything is good.
But, Jash, what really happened was a conjunction between Moon-Uranus, and Sun -Neptune, and Venus - Jupiter. So, to your question, here is the answer. multiple conjunctions can raise the markets. Add to this the New moon, which fooled us all till now, and you have a rally.
Now Saturn-Pluto act as a support line at 1083. Only if the index will fall below this level it'll fall further down.
Tomorrow, February 18 Mercury ingress Capricorn, I expect a change. Correction levels: 1086-1081-1076.
The graph below shows us in the 15 minute graph, that the index reached a double top - this is the March future- at 1110.75 and 1110.48.
Now the resistance line is at 1110.48 the support at 1104.6. Breaking either one, will show the direction. Let's see what do the stars tell us? Looking at the Helio chart, we see a separating Venus-Uranus conjunction. Venus is at- adjusted to the index- 1107, Uranus at 1106. The index is, as I write these lines, at 1106.98. which means, 27 Aries. A correction to the down-side can bring us to 1097.
On the other way, to go further up it has to go above 1110.75 with a large volume. Target: 1132
Good luck :)
Feb 24: Hanging man in 15 min.graph. marks a top for the time being at 1112.23. By the aspects forming in the sky, the markets in the US will open with a gap down.