The S&P500 lost 80 points last week. I was expecting a flat/slightly higher market. Uncertainty about the U.S. presidential election and earnings week hit the market more severely, especially on Thursday.
Here is the expected breakdown for the week of November 05, 2024, to November 08, 2024.
The compressed Vimshottri dasha planet for Nov 01 – Nov 05 is Saturn, which rules the 7th house and occupies the 8th house. Saturn makes a square aspect with Jupiter in the 11th house and a trine aspect with Mercury in the fourth house. Consequently, the market may go slightly lower during these days.
The compressed Vimshottri dasha planet for Nov 06 – Nov 10 is Mercury. Mercury rules the second house and occupies the fourth house in the Scorpio sign. Mercury makes a trine aspect with Saturn. This setup may be regarded as slightly positive. As a result, the market may go slightly higher during this period.
Transits during this week: Jupiter has now turned retrograde on October 08. Uranus continues to transit through Taurus this week and has also been retrograded. Rahu is transiting in Aries and Ketu in Libra. The Sun continues to transit through Scorpio this week, while Mercury moves into Sagittarius on November 03. Venus has been transiting in Sagittarius since October 18, which is not a very harmonious sign for Venus. It also makes a square aspect with retrograde Neptune in Pisces. Retrogradation of four planets, Jupiter, Saturn, Neptune, and Uranus, is not a welcome feature. Mars moves into Leo on November 05, but it continues to make a trine aspect with Mercury. Moon transits Sagittarius, Capricorn, and Aquarius. The tithis of the Moon correspond to the first quarter, which is not helpful for the market.
Combining the transit and CVD techniques, I have estimated the stock market’s daily behavior to be the following.
Monday: Slightly lower; Tuesday: Slightly lower; Wednesday: Flat; Thursday: Lower; Friday: Lower.